Recession cut air travel demand by a quarter, finds Civil Aviation Authority
Global economic recession resulted in a significant decline in the air travel worldwide. Worst hit were the routes between the UK and European Union followed by those between UK and North America. These were the areas severely affected by the financial crisis.
Recent data shows a build up in the travel business. However, still remaining below what it was in 2008. Icelandic volcanic disruption has also contributed to the decrease in air travel on account of closure of European airspace.
According to CAA, the recession caused movement of short haul business travelers from business class to economy class. Revival of this may or may not happen, as a general acceptance to this has been noticed by many.
this is a very tidy and concise article summary.
ReplyDeleteit also shows ha basic concept of less economical activity due to a slow down in the global economy as shown through a cut in air travel demand.