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Big story: Industry bows to price pressure

By Roger Bray

Published: March 27 2009 11:32 | Last updated: March 27 2009 11:32

Reality, for those who sell airline seats and accommodation to corporate customers, has begun to dawn.

Initially, airlines and hotel companies seemed reluctant to respond to the economic crisis. Perhaps it was the snake-like suddenness with which recession bit that left them apparently immobilised.

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