Independent journal on economy and transport policy
08:31 GMT+2
Worldwide slowdown taking toll on airlines as passengers turn away
(South China Morning Post)
July 13, 2001
AVIATION
Joseph Lo
Leading Asian airlines are flying with more empty seats as a result of the slowing global economy, which has also slowed the demand for air freight.
Analysts said the present slowdown may turn out to be much worse than the industry's last downturn in the wake of the Asian economic crisis, when Cathay Pacific Airways, now embroiled in an dispute ...... Read more on South China Morning Post
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