By: DTN Defense-Technology News
(NSI News Source Info) SINGAPORE - April 19, 2009: To Go with "Finance-economy-Asia-airline-lifestyle-travel, FOCUS". Travellers walk past departure schedule board at the Changi International Airport in Singapore on April 18, 2009.
Travel cutbacks by thousands of business executives as a result of the global financial crisis have dealt a fresh blow to airlines especially in the Asia-Pacific region, industry experts said. Carriers like Singapore Airlines (SIA) are seen as the most vulnerable because they have poured extensive resources into premium traffic.