A major shake-up in the power base in Asia could be in the air if US carriers manage to take a stake in Japan Airlines

IATA has again been forced to reforecast its 2009 financial outlook as the economic slump bites even deeper into airline revenues and profits

The hurdles may be high, but leisure carriers are used to going against the odds and surviving. After all, these airlines were born to overcome regulatory barriers and - despite widespread liberalisation and the advent of low-cost carriers - the package holiday lives on.
Sylviane Lust, who heads leisure airline body the International Air […]