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The world’s airline industry is heading for more consolidation because of the global recession and drop in air travel, according to the chief executive officer of Etihad Airways, the United Arab Emi
Air New Qantas? Singapore Virgin? Air Tiger X? The idea of super carriers ruling the skies has been talked about almost as long as airlines have been around.
Northwest Airlines Corp. CEO Doug Steenland says high crude oil prices may further encourage consolidation in the airline industry, according to media reports.MarketWatch reports that Steenland said the looming recession and the fast rise in oil prices make airline consolidation "inevitable," according to a transcript released Tuesday.