Airlines grounded – with no let up in sight

 
As the world grinds to a slowdown, airlines are feeling the pinch more than most businesses with the already ailing FlyBe, Europe’s largest airline, now into administration. Other carriers globally are cutting routes, freezing pay and using smaller aircraft to cope with a further slump in bookings. British Airways and Ryanair, Europe’s biggest short haul carrier, announced flight cuts on Monday. Globally, airlines took five years to return to profit after the 2001 terror attac