US, European airlines trim transatlantic fares
Califronia: Major US and European airlines have launched aggressive transatlantic airfare sales this week to combat weakening demand for overseas travel as the likelihood of a war with Iraq increases.
Back to News Review index page  

US hotels prepare to cut costs as war looms large
New York: If the United States goes to war with Iraq, the hotel industry says it knows how to cut costs and react quickly to the drop-off in business that is expected to follow, a lesson learned the hard way after the attacks of September 11, '01.
Back to News Review index page  

Toyota will drive Lexus into Japan, overhaul local ops
Tokyo: Toyota Motor said on Friday it would bring its successful Lexus brand to Japan and overhaul its domestic sales network in a bid to expand its share of the sluggish domestic car market.
Back to News Review index page  

Continental Airlines sees heavy '03 loss
New York: Continental Airlines expects to post a significant loss this year as slack revenue and high fuel costs sack its results, and its limited cash resources could pose serious problems if the travel slump continues, the airline said on Thursday.
Back to News Review index page