End Times and Current Events

General Category => Asia => Topic started by: Psalm 51:17 on January 04, 2012, 06:55:02 pm



Title: Gulf airlines' growth may be damped in 2012
Post by: Psalm 51:17 on January 04, 2012, 06:55:02 pm
Gulf airlines' growth may be damped in 2012
4 January 2012, by Alex Delmar-Morgan - Doha (Zawya Dow Jones - MarketWatch)
http://www.marketwatch.com/story/gulf-airlines-growth-may-be-damped-in-2012-2012-01-04

Excerpt:

-- Aircraft deliveries could be delayed

-- Worldwide air travel growth slowed in October

-- Gulf carriers seen gaining market share

Gulf carriers could see their aggressive growth checked this year by weaker air traffic due to the slowdown in the global economy, making route expansion more difficult and prompting some airlines to delay aircraft deliveries, analysts say.

High oil prices and conflict in the Middle East this year led to soaring fuel bills and plunging profits among Gulf airlines.