Singapore Airlines CEO Doesn’t See Economic Recovery Yet
I was happy to see that Singapore Airlines chief executive Chew Choon Seng told goggle-eyed reporters and open-mouthed travel industry boosters that he didn’t think last month’s higher passenger numbers meant economic recovery. “There is not enough evidence yet to conclude that we are back on a firm trail to recovery,” he said at a recent press conference. His words were a far cry from the recent spate of reports essentially saying that recovery is near — even when third-quarter earnings didn’t seem to justify the optimism. American Express Business Travel released surveys saying 2010 will be a year of recovery, mostly because of anticipated spending from China (yet the survey seemed to ignore that executives said they were cutting business travel by…
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