Airline sell-off blasted.
The airlines have been losing market value for more than 10 years.
ASPA sponsored a study that indicated Cintra--the holding company for the two carriers, AeroMexico and Mexicana--has lost 8.2 percent of domestic market share and 7.2 percent of international market share since 2000, the AP reported.
The study suggested "the market share was being lost to major U.S. airlines and domestic and foreign low-cost carriers."
Although the domestic market has grown significantly over the past decade, AeroMexico and Mexicana have seen passenger numbers drop by 3.4 million.
ASPA Secretary-General Jesus Ramirez said the airlines "require major
repositioning in the market to contend with bigger competitors." He also criticized insufficient use of charter flights, said the use of air freight in the country is negligible and price and cost problems must be addressed, the AP reported.
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|Title Annotation:||NEW BUSINESS; Mexican Airline Pilots' Union|
|Article Type:||Brief Article|
|Date:||Apr 1, 2005|
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