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Airlines record sharp drop in business travel (Reuters via Yahoo! News) Business and first-class air travel dropped sharply in September due to the global financial crisis, the airline industry body IATA said on Wednesday.
Wynn supports government travel measures in Macau (AP via Yahoo! News) Casino mogul Steve Wynn said Wednesday he couldn't tell when Macau's slowdown might let up, but expressed confidence in its long-term fortunes and backed government measures to curb travel to the Chinese gambling city.
Air Travel For Business Falls 8% In September: IATA (Fox News)Air Travel For Business Falls 8% In September: IATA
Airline Stocks: Airline stocks fall sharply; economy clobbers business travel (Market Watch)Airline stocks fall sharply, pressured by a broad market sell-off and industry data showing a steep decline in international business travel.
Lawyer: Michael Jackson may be too sick to travel (The Kansas City Star)Michael Jackson might be too sick to travel to London to testify in a suit claiming he owes an Arab sheik $7 million, the pop star's attorney said Tuesday.
Moody's cuts Orbitz outlook on weak travel demand (AP via Yahoo! Finance) Moody's Investors Service lowered its outlook on Orbitz Worldwide Inc., citing softening travel demand. Moody's cut the online travel operator's outlook to negative from stable on Wednesday and maintained a "B2", or junk, corporate family rating.
Choose travel insurance to keep you flying (RTÉ News)As Aer Lingus and unions continue long hours of negotiations to look for a way around next week's threatened strike, worried passengers are wondering whether their travel plans will be derailed in the chaos.
Thanksgiving air travel expected to drop 10% (Los Angeles Times)Car travel is likely to decline too, says AAA. Penny pinchers are expected to stay close to home and use cheaper ways to visit family such as trains and buses. The slumping economy is keeping Americans closer to home for Thanksgiving as travel by planes and automobiles is expected to drop for the first time in six years.
Big drop in business, first-class travel for airlines (Seattle Times)Premium air travel falls 8 percent in September as airlines lose first- and business-class travelers because of economic slump
Travel (The West Australian)Aviation continues to be hammered by the global financial crisis with premium travel down by eight per cent in a year. In the South Pacific the industry is growing - minutely.
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