Archive for August 3rd, 2009

The world wide economic slowdown will leave an impact on air travel industry this year. As per The International Air Transport Association (IATA) the airline industry is going to suffer a $62 billion (12 percent) fall in revenues this year.
The impact of economic slowdown can be felt globally in almost all the sectors directly or indirectly. In these hard conditions of economic slowdown the Middle Eastern carriers were the only ones in the world to exper…