In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Thursday, August 07, 2008

MIC: General Aviation Business Travel Down

by Calculated Risk on 8/07/2008 12:10:00 PM

Although this is a small company, this is (hopefully) interesting - Macquarie Infrastructure Company reported today (page 7) that they saw a 4% decline in fuel volume sold for general aviation.

On their conference call, Macquarie said they believed this was due to a decline in business travel, and not less vacation travel - since year over year fuel volume was down in most major cities, but not in popular vacation destination spots. (hat tip Brian)

They also commented that private plane owners were shifting to more self park and using valet parking less. Hey, even the better off are feeling the pinch!