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UBS: Mexicana “unlikely to resume operations” after grounding

Compania Mexicana de Aviacion is unlikely to resume operations after grounding all its flights over the weekend, four weeks after filing for bankruptcy protection in Mexico and the U.S., UBS AG said.

US travel agency fee cuts could become permanent

CHICAGO - U.S. online travel agencies, hungry for business in an economic recession, may extend or make permanent the booking fee cuts and waivers they implemented this year on a promotional basis.