World Air Travel To Fall Ten Per Cent - Touirism Chief

World air travel will fall by 10% in 2002, according to World Travel and Tourism Council (WTTC) vice-president Graham Wason.

He described the crisis facing the aviation industry today as more serious than that which followed the Gulf War.

Wason said that the fall in demand could lead to about 8.8 million jobs losses worldwide in the tourism industry.

The US will lose 1.1 million jobs because of the drop in air travel and the EU will see a loss of 1.2 million jobs, according to WTTC forecasts.

Worldwide air travel has already seen a drop of 20-25% in business since the US terror attacks, and the US a 35% drop.

http://news.airwise.com/stories/2002/01/1010779009.html

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Airlines Face Over $4 Billion in Losses

http://www.nytimes.com/reuters/busin...s-outlook.html



[This message has been edited by doc (edited 01-13-2002).]