30 Oct 09 More Cheap Seats, More Fees
Airlines will continue to discount tickets, charge more fees, cut capacity and look for other ways to raise cash to deal the the recession through the rest of this year and into next year, according to IATA in its global forecast.
IATA has again asked U.S. lawmakers and other governments to repeal laws and other restrictions that limit foreign investment in domestic airlines to enable the industry to compete as other industries do globally.
Consolidation, especially cross-border unions, and greater foreign investment would help many airlines save money. But the industry will need help from governments, too.
Tags: Cheap Airlines, Cheap Seats, Consolidation, Cross Border, Discount Tickets, Domestic Airlines, Foreign Investment, Governments, Iata, Lawmakers, Money, Recession, Unions
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