Travel Industry Shaken by Economic Downturn

The New York Times, 6 Oct 2008, JOE SHARKEY

"Singapore Airlines, which started all-business-class daily service between Newark and Singapore last May in luxurious long-range Airbus A345s, recently began a daily route between Los Angeles and Singapore. The usual round-trip fare is around $8,500, but last week Singapore introduced a discount fare — $5,999 — available on Mondays, Tuesdays and Wednesdays.

The standard fare remains in effect for the peak travel days, Thursday through Sunday, when flights are often sold out, said Eugene Lee, the vice president for Singapore’s East Coast operations. The flight is more resistant to downturns than some other premium routes because of the length of the trip — 18 hours or more each way — and the fact that the flight depends as heavily on passengers in the energy, mining and pharmaceuticals industries as those in financial services, Mr. Lee said."

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