Among industries sapped by low consumer spending, there's one that's been especially hard-hit, beset by both falling revenue and ongoing customer dissatisfaction: the airlines.
UAL's(UAUA Quote) United Airlines, AMR's(AMR Quote) American Airlines and even budget staple Southwest Airlines(LUV Quote) are seeing more empty seats, as fewer vacationers and business travelers travel by air.
The news has been just as bad for aviation manufacturers. Boeing's(BA Quote) first-quarter earnings fell 50% after sales of commercial and defense aircraft slowed. According to the General Aviation Manufacturers Association, shipments of small planes in the first quarter fell 41% from a year earlier. The group estimates the industry has shed 15,000 jobs in the past year. ...
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