Canadians spent less on air travel in the first quarter of 2013 than the year previous, marking the first such decline since the recession, according to a Conference Board of Canada study. The report blamed high levels of indebtedness and slow job growth for the drop but noted that strong business investment in the U.S. and a 20% uptick in visitors from mainland China are helping to ease the impact. Overall airline revenues are expected to climb 5% for the year, the report added.
Canadian air travel spending falters in 2013 Q1 amid economic pressures
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