Shaken by global uncertainties, the airline industry for the first time is monitoring the U.S. housing market and subprime mortgage defaults while railing against soaring fuel prices. The emerging economic downturn, however, is quite different from previous recessions and much more complex. One size no longer fits all, and statistics are increasingly misleading: Although commercial aviation is more than ever a global industry, market segmentation is on the rise. Economic forecasts ...

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