Las Vegas Could Suffer From Stagnant Airline Figures.
By sam
A lack of change in the number of passengers and flights to Vegas could be a precursor to a drop in gaming revenue. Between May and June the number of flights into McCarran airport have remained stagnant, something gaming analyst Robin Farley believes could lead to a drop in Vegas profits. Farley wrote about the link between airline capacity and passenger counts in a recent report “Over the past year overall visitation has lagged airline traffic by about five percentage points, so we would not be surprised to see a decline in overall visitation for June.” Farley also writes that “We could see continued airline passenger weakness given that airline seat capacity, which is typically reported about a month ahead of passengers, has declined from the prior year in each of the last three months, including June” Farley’s theories will be put to the test later this month when passenger counts are released and later in August when the gaming win statistics for June are available.
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