By Jessica Stanic · 20 May 2009 · News
The economic crisis is taking its toll on the airline industry, with premium international airfares plummeting in the first quarter of 2009. But what's behind this shocking decline, and what does it mean for the future of business travel?
Premium international airfares have taken a beating in the economic crisis in the first quarter of 2009, with business travellers choosing to stay home instead. According to figures from the International Air Transport Association, revenues in the Asia-Pacific region from corporate travellers fell by up to 40 percent. First and business-class passenger flows in Asia […]