versus a net loss of $82 million a year earlier. The average passenger fare declined 5.4 percent to $209.94."We continue to see a relaxation of fare rules, thus lowering the fences between business and leisure demand and allowing business travelers to book at much lower fare levels," said president Jeff Smisek. Regarding
business travel volume, CEO Larry Kellner said, "Things seem to feel better today than they did 45 days ago, but I am not sure if that is simply because the pace of the decline is slowing or because things are actually stabilizing."