Elite From Hong Kong, joined Jun 2006, 3049 posts, RR: 10
Reply 1, posted (7 years 4 months 4 weeks 1 day 14 hours ago) and read 2901 times:
Yes, this is definitely the case. Companies are now thinking about whether or not the employee really has to make that flight, and they are usually booking economy more than business class right now. Not to mention a lot of expats and investment bankers are now cutting down on spending and probably flying home less. Overall the demand for luxury goods has dropped more than anything and the aviation industry is included.
MAS777 From United Kingdom, joined Jul 1999, 2939 posts, RR: 6
Reply 2, posted (7 years 4 months 4 weeks 1 day 7 hours ago) and read 2576 times:
flew LHR-KUL-SIN return recently with SQ... and despite it being pre-xmas.. was surprised...
744 LHR-SIN on way out had 3 passengers in F, half full in C and half full in Y.
777 SIN-KUL was full in both classes
777 KUL-SIN was full in C but 2/3 full in Y
388 SIN-LHR had 2 passengers in Suites, 10 in C and 230 (according to the purser anyway) empty seats in Y.
not a good barometer given the 'weak study' but in previous years - pre xmas flights were usually packed to the brim!
Hardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 46
Reply 3, posted (7 years 4 months 4 weeks 1 day 7 hours ago) and read 2558 times:
I have reports from friends that SHELL also decided to undertake drastics cust on the travel budget effective 2009, including not only first/business class travel but also private jets. The oil industry is one of the sectors hardest hit with the sharp decrease in oil prices.
Jcavinato From United States of America, joined Jan 2005, 523 posts, RR: 0
Reply 5, posted (7 years 4 months 4 weeks 1 day 5 hours ago) and read 2322 times:
And, the oil industry is one of the few ones where private jets actually make business sense, rather than it just being a top management perk. Oil is high opportunity costs per hour, and its locations are very often where commercial flights are sparse or non-existent.