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Global Financial Crisis = Less Passenger Travel?  
User currently offlineEK156 From United Arab Emirates, joined May 2005, 765 posts, RR: 3
Posted (5 years 11 months 3 days 22 hours ago) and read 1287 times:

Well according to our home newspaper (Gulf News), the Middle East is already seeing a negative growth in passenger travel for the first time in a very long time! With the whole Recession situation, it seems people are traveling less or being a bit cautious now.

Many airlines including EK have reduced their prices that is due mainly to the Oil prices going down. But with prices going down, travel should more or less increase! But since the Middle East has recorded negative growth for the first time in a very long time! Where is this all going?

With EK, EY, QR and others placing big orders, if this growth keeps on going down, what will happen with their expansion plans? Are we going to face a major slowdown? Can their be any order cancellations? Also with Financing of planes becoming more difficult now due to the Financial Crises, will there be more delays in deliveries?

What is your insight?

1 replies: All unread, jump to last
 
User currently offlineCAL764 From United States of America, joined May 2008, 377 posts, RR: 0
Reply 1, posted (5 years 11 months 3 days 20 hours ago) and read 1259 times:

Well, I think, more specific to your geographic region, the United Arab Emirates is essentially creating it's demand for air travel, it's booming economy, ect. Worldwide, we may see a decrease in traffic, but there's always going to be demand for air travel, regardless...


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