Important updates about travel industry

While most people tend to be unaware of the current situation on the travel industry, the truth is that most of us are losing a really good chance of discovering some new places for the best rates of the past few years! In fact, you may read the msnbc.com article below and witness that:

"

By Joe Brancatelli

The first weeks of every year bring a blizzard of travel industry data: fourth-quarter and full-year financial reports, granular traffic stats, analyst pronouncements and all sorts of statistical minutia.

It's rather dull stuff, frankly, but this year I plowed through it all with a single-minded determination to find the proverbial silver lining to the current collapse of travel.

No such luck.

The silver linings weren't just elusive. They were non-existent. See for yourselves:

Things are bad all over
If you harbored any lingering hopes that travel's woes were either shallow or segmented, forget it. Travel is in decline across the board.

Forty of the nation's 50 largest airports suffered a downturn in commercial aircraft departures. That's dreadful news considering the most recently released statistics only cover the 12 months ending last June — and the biggest cuts in airline capacity, about 10 percent, didn't come until after Labor Day. Despite that late-in-the-year seat capacity reduction as well as the sharp drop of fuel prices, the fourth quarter was calamitous for the nation's largest airlines. They lost a cumulative $1.5 billion before special charges and extraordinary items like fuel-hedging losses.

"