US Congress is set to approve a phased emergency bailout of Wall St this week that will help ease the fears of a global economic meltdown – or so it hopes. The proof will be in Wall Street’s response tonight. But the bailout will probably not stop the US from entering recession and much of Europe is set to join it, as the excesses of the credit boom/bust play out. This will have major implications for premium air travel demand. The financial sector will never be the same again and airlines with a big exposure to travel from this segment will have to adapt to change.
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