Hi there 1A2,
Starting from today,i am going to post articles that may interest you.If you want to read it for free,just go to the following website(s)
.http://sg.news.yahoo.com/afp/20081008
.http://sg.localnews.google.com/reuters/20081008

Yahoo! Singapore - News
Well,today i am going to talk about the following article namely;"Some airlines will not survive global financial crisis:industry group".

Some airlines will not survive global financial crisis:industry group.
(AFP - Thursday, October 9)
Some airlines will not survive the worsening global economic situation, an industry association said
Wednesday, warning that the next 12-18 months will
be "extremely difficult" for Asia-Pacific carriers.

Passenger numbers are falling as Americans and Europeans curtail travel plans and the current financial market turmoil undermines
consumer confidence, the Association of Asia
Pacific Airlines (AAPA) said in a statement
monitored on its website.

"The biggest challenges right now are weakening
passenger demand, particularly for first and business
class travel, and continuing uncertainty about the
global economic outlook,"
AAPA director-general Andrew Herdman said.

"Asian carriers are therefore bracing themselves for
a period of continued turbulence, hopefully without
losing sight of their long term strategic goals and future
growth opportunities.

"The next 12-18 months will be extremely difficult times
for airlines and some won't survive the current crisis."

He added that the association "remains extremely
cautious about prospects for the airline industry in 2009."

While fuel prices have recently declined,
they are still 25 percent higher than last year, Herdman said.

The crisis, which began in the US subprime,
or higher-risk, mortgage sector, has been
routing global financial markets and there are signs
the impact is affecting other economic sectors such as manufacturing, tourism and property.

AAPA is a trade association of international airlines
based in the region, including Air New Zealand, All Nippon Airways, Asiana Airlines, Cathay Pacific Airways, Singapore Airlines
and Malaysia Airlines.

The other members are China Airlines,
Dragonair, EVA Air, Garuda Indonesia, Japan Airlines, Korean Air,
Philippine Airlines, Qantas Airways, Royal Brunei Airlines,
Thai Airways and Vietnam Airlines.

That's the news.
Taken from http://sg.news.yahoo.com/afp/20081008
Supportively,
Kush