I thought today I would discuss how the credit crunch is hitting travel companies. I am sure many of you have been on holiday this year and are currently thinking about where you might want to go to next year. Well with the rising fuel costs it is becoming evermore apparent that airline companies are struggling. In recent weeks there have been Zoom and XL who have both suffered from the current conditions and many of XL’s customers are stuck across the world as there flights have simply been cancelled.
Today it has been revealed that Alitalia is in desperate need of support with a statement revealing that they can only afford fuel for the next few weeks with the possibility of some flights having to be cancelled as the company simply can’t afford to purchase fuel. What effect will this have on people? Well for a start it is expected that flight prices are going to rise significantly so that airlines can continue to operate. Therefore does this mean more people will stay in there own country to holiday? Let me have your views.
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