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Economic Downturn As British Airways and Alitalia Struggle
Airline carriers knew it would be hard, but it is fair to say that they did not think it would be this tough. With the credit crunch in full swing, purse strings have been tightened coupled with volatile oil prices pre-planning and contingencies are simply not enough. The conservatives have also warned that they will not be backing the airline industry to the hill and that planning decisions are likely to be more stringent in the future.
Global Recession – CausesWe all that we are moving towards the recession phase globally. Read this article to understand causes of such a phase in the economy.