In a sign of the times, BA have stepped back from their plans to take over Iberia airlines as BA's own share-price has been dropping on the stock exchange. The official view at the moment is that this proposed merger will go ahead at a later date, but with no prospect of steeply rising stock market prices any time soon, one wonders whether it will actually go ahead at all.
With flights set to be cut back across Europe and world-wide, and the global economy in decline, not to mention environmental issues with air travel - the travel industry is in for some turbulence over the next couple of years.
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