American Airlines, the third largest carrier in the US, has seen its share price plummet as traders fear its parent company, AMR, will be forced to seek bankruptcy protection. In New York, trading was halted at one point when stocks lost 41 per cent of their value. The airline has been struggling against a fall [...]

Japan is facing a humanitarian disaster as the number of people left homeless following the tsunami is estimated to be in the tens of thousands. Although it is the third richest country on the planet, there have been desperate appeals for aid and supplies such as blankets and tents.
Well over half-a-million are currently in temporary [...]

According to a new report by the Civil Aviation Authority the recent economic downturn resulted in demand for business class air travel being cut by around a quarter. The analysis shows that in 2008 demand for seats in business in and out of the UK fell overall by 4.6 per cent. In 2009, there was [...]

At last, there may be some good news on the horizon for holidaymakers looking to book a car rental in the New Year as the embattled industry crawls its way out of a devastating recession. Experts are predicting that the problems that caused some companies to raise prices by up to 500 per cent over [...]

The car hire industry is showing a steady return to form after a devastating global recession. During 2009, a lack of funding meant many car rental firms were unable to replenish fleets. The result was a drastic shortage of vehicles across Europe which meant the price for any available vehicles sky rocketed.
In countries such as [...]

A recent investigation by the Sunday Mirror has revealed that a dramatic increase in the price of car hire may now mean that renting a vehicle on the continent is more expensive than paying for a package holiday. The study involved comparing the price of a mid-range family car with online package holiday deals available [...]

Indigo Car Hire has beaten the recession odds by expanding its fleet in time for summer. The unexpected news comes as a shock to the motor industry which has had a shaky year, with many car hire companies around the world cutting back on costs.
Car hire companies experienced cut budgets, reduced staff and fleet [...]

The world’s greatest football tournament is nearly upon us and for recession battered car hire firms in South Africa that is very good news. Although there has been an improvement in figures over the Christmas holidays, car rental companies are now fixed on preparing themselves for the demand for vehicles the World Cup is expected [...]

One of the country’s leading car hire comparison sites has said that it predicts the troubles being experienced by car hire firms at the moment will continue next year. Managing director of Carrentals.co.uk, Gareth Robinson warned that a shortage of vehicles as well as an increase in prices will continue to affect car hire customers [...]

Rail operator Stagecoach which manages some of the busiest commuter services in the country has announced a thirteen percent fall in profits for the first half of the year. Stagecoach has blamed the recession for creating a lack of travel demand as well as the price of fuel and the company’s pension commitments.
Over the past [...]