Originally Posted by
ZapBrannigan
I agree. In 08 my Fortune 500 employer flew even more as they tried to wring every last penny from the company stores and distribution centers. Discretionary spending at the airlines fell.
Maybe fewer trips to Aspen and Hilton Head, but more business travel overall.
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In 2008 NetJets furloughed almost 500 employees. I watched 2 135 outfits go out of business, as well as several flight schools and small operators. I know some departments flourished, but lots also closed their flight departments.