With the Stockholm attendees there was major concern as to the present uncertainties with airlines in particular. A lengthy discussion on this point ensued. Continental had already advised the Germany market as to the actions they had taken to reduce costs/staff and schedules so that they could continue to operate, removing doubt. It was generally felt that more transatlantic air capacity would be reduced in the coming days/weeks. There was general concern as to the size and impact such reduction will have on the market. Inter European air services are an important feature of business for Germany and it was felt that any further reduction in this area would have a significant impact. It was felt LH was in a strong position to weather the current problems.

The role of travel management companies has increased in importance in the minds of corporates.

Whilst being global as a TMC is important, the local knowledge and experience was not to be underestimated. This aspect has been heightened post 11th September.