Travel&Vacation

The passing of 2008 isn’t likely to be mourned by anyone with an interest in either providing or consuming travel services. Airlines and hotels saw traveler numbers dwindle, along with their profits. The suffering went well beyond paper losses, destabilizing the industry overall and jeopardizing the very existence of a number of carriers. Last year’s casualties included Aloha, Big Sky, Skybus, ATA, Silverjet, and Eos. Frontier and Sun Country are operating under protection of Chapter 11 bankruptcy. And those liquidations and bankruptcy filings took place earlier in the year, before the current global financial meltdown had pushed demand for travel off a cliff. Consumers bore their share of the industry’s misfortune. As profits plunged, the airlines imposed fees galore, and further
(Read the full post about ‘A Silver Lining to Travel Turndown: More Loyalty Points’…)