Las Vegas suffering from airline contraction, economic heat
Las Vegas, once one of the favorite getaway for the masses yearning to make it rich, is suffering from an economic downturn, less disposable (gambleable) income and pending airline capacity cuts.
Are Continental’s “crisis” cuts a harbinger of travel industry implosion?
Continental Airlines has announced deep capacity cuts and personnel cuts for its airline operations. It is slashing 3,000 jobs, 67 aircraft and reducing capacity in the fourth quarter by 11 percent in what it calls a “crisis.” This is serious.