Nichibei Aviation
On the other side it may be that people will spend less on everything irrespective of the reduced costs of consumer goods. In the UK it is very clear to me that fuel and in particular foodstuffs have increased considerably since January 2008. Whereas car prices seem to have been reduced because there are too many of them around. I think that many of us in the industry have been predicting downturn for the last few years and the longer it is in coming the worse it will be for many of us.
On another note I have seen a decline in GA / leisure flying for the last couple of years and it was particularly noticeable last summer. Is this reflected worldwide.