Airlines Face Longer Downturn Than U.S. Economy, Says Babbitt

摘要

Although the U.S. is currently in a mild recession, the airline industry will likely face a longer down period than the broader economy, said Randy Babbitt, director of consultancy Oliver Wyman. "The airline business is 'hyper-cyclic,' being the first to drop into negative growth and the last to emerge from it," he told the National Business Travel Association's Business Travel Financial Forum.