Airlines, which had eked out modest growth much of the year despite a tepid global economy, are facing a possible double dip of their own…
“There probably is a little double dip here,” says Wayne Plucker, an industry analyst at Frost & Sullivan. “Corporations are walking on egg shells. They’re not sure what’s coming up next.”
A downward adjustment may have been expected after the industry posted a record net profit of $15.8 billion worldwide last year. The downturn is comparably mild, Plucker says, and they’re more prepared to handle it. … (more)
