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[C8.] AIR TRAVEL DECLINE There are signs of lowered demand for air travel as airline fares increase and extra charges pile up.
Low-cost and traditional carriers struggled as fuel prices rose to record levels before receding, while at the same time a global economic slowdown has lowered demand for air travel.
Fears are growing over the levels of global trade, given the standoff between the US and China, while the slowdown in the Chinese economy has lowered demand for UK manufactured goods.
Black America — in terms of income and wealth inequality, of bearing the brunt of globalization and automation, and of suffering the consequences of lowered demand for workers without college degrees — is in many ways a more extreme version of America generally.
Other measures are pending in Sacramento to help the utilities restructure some $13 billion in debt by having the state buy their power transmission lines, and the crisis had seemed to ease a bit as warmer temperatures lowered demand for heat, and three weeks passed without full-scale power alerts.
"Since we first announced our merger with US West, we have a very different economy and lowered demand for telecom services, which has resulted in our having to write down goodwill," Qwest Chief Executive Joseph Nacchio Joseph Nacchio said in a statement.
Similar(47)
This will lower demand for gasoline, which will bring prices down.
The global recession could end up being a godsend by lowering demand for agricultural goods.
Investment in equipment has fallen in the last three years, lowering demand for raw materials.
The cloud also lowers demand for individual servers, a $10 billion H.P. business.
Job growth has slumped and American consumers and businesses have reduced spending, lowering demand for factory goods.
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