Bleak
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2009 Business Travel Survey: U.S. Airlines Swap Fuel Prices For Demand Crisis
… revenue initiatives, which made them better prepared to weather the economic crisis. Yet the profit outlook for 2009 remains bleak . "In effect, we've swapped the oil prices of 2008 for the travel demand crisis of 2009," American Airlines CEO Gerard …
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Bleak Outlook Bleaker For Europe
… with a multi-year recovery, unlike other regions, where McGill expects sharp upward growth trends. Only Japan has a more bleak forecast for real gross domestic product than Western Europe, where GDP will fall more than 2 percent in 2009 and will suffer …
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Buyers Find Room On Rates
… consultants are reporting success in staving off increases in domestic rates, even in major gateway cities, as hoteliers face a bleak demand outlook of indeterminate length. "I asked for the world, and I was able to apparently get a piece of it," said Patricia …
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PKF Predicts Depth Of Hotel Revenue Drop
… decreases in occupancy finally began to cut rates beginning in October, the firm reported. Hoteliers also are sharing the bleak outlook for their industry in 2009. On Tuesday, Marriott CFO Arne Sorenson warned of a tough 2009 in a posting on CEO J …
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IATA Projects 2009 Airline Losses
… next year, noting that drop "is the first since the two consecutive years of decline in 2001 and 2002." "The outlook is bleak ," Bisignani said. "The chronic industry crisis will continue into 2009 with $2.5 billion in losses. We face the worst …
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Airline Execs See A Better '09
Domestic airline executives this month struck a tone of optimism despite a bleak economic environment, slowing demand and falling revenue, as declining fuel costs and aggressive 2008 capacity cuts are setting …
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Fuel, Demand Woes Flay Carriers' Finances
… total industry fuel burden of $186 billion for 2008, he said, an increase of $50 billion over 2007. "The situation remains bleak ," said Bisignani. "The toxic combination of high oil prices and falling demand continues to poison the industry's profitability …
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BTN's 2008 Procurement Practices Survey: Applying Metrics To Travel Management
… commodity. Combined, they can institute meaningful travel process improvements. Perspective On Travel As A Commodity No Longer Bleak : Commodity used to be a dirty word to travel managers, invoking their worst suspicions of what procurement would do to the …
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Carriers See Darker Skies: Soaring Fuel Prices Prompt Fare Hikes; AA, UA Cut Capacity
… generally experienced deteriorating financial performance and held little hope for brighter skies. The outlook is particularly bleak for bankrupt US Airways, which could liquidate before spring, and Delta Air Lines, poised to begin its own Chapter 11 reorganization …
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Hilton Reports Poor Third Quarter
Hilton Hotels Corp. today released generally bleak third-quarter earnings that gave pause to recent speculation that the lodging industry had reached the trough in its two-year …
