Global air travel faces longer recession than once thought

01/6/2009 | AviationWeek.com

Following the lead of U.S. carriers, airlines around the world are racing to cut capacity, hoping to make this recession less damaging than the recessions of 1991 and 2001. An international airline group predicts falling traffic for only the second time in 35 years, and no global recovery is expected before 2011.

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