Thank you Kerosine.
This is ominous for airlines who derive significant revenue from First and Business customers:
http://news.hereisthecity.com/news/b...ews/7766.cntns
More Jobs Go As Firms Tighten Their Belts
The next few weeks don't look like being a great time to be working in the finnacial markets. With the likes of Merrill Lynch and UBS Investment Bank said to be on the verge of laying off thousands more, Royal Bank of Scotland / ABN AMRO have started to wield the axe (some 200 already said to have gone in London this week, with Reuters reporting that 40 ABN roles are likely to be cut in the Nordic region soon) and staff at Bear Stearns should start to learn of their fate next week, with some being laid off as early as Friday.
Bloomberg has also now reported that Goldman Sachs is 'eliminating posts in its mortgage and investment banking units as the credit contraction saps..
The numbers are small. But they always are at the start. Its not just first time buyers and people on the economic periphery that will stop flying in the months to come.
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