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THE PROBLEM ACCORDING TO IATA: TOO MANY AIRLINES
Published: 15 September 2009
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The world's major airlines are faced with a sobering reality: For some to survive, others must die. A punishing recession is continuing to hammer passenger traffic, and it will be years before ticket purchases return to pre-downturn levels. Now, the trade association that represents about 230 airlines around the world is recommending a major shakeout for the industry - even though that would mean fewer members belonging to their club... Karl Moore said it won't be easy to overcome protectionist sentiment in countries around the world when it comes to attempts to liberalize aviation markets. "But as the industry situation gets bleaker and bleaker, there might be more flexibility because of the troubled times," he said.
, September 15, 2009
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