Biz leaders see hope amid gloom - Minneapolis / St. Paul Business Journal:

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Despite predicting a long wait for arebound — not untikl 2011 — Holmes notes that, among real estate sectors, multifamilyg housing looked the most promising for 2009 becausre demand will stay flat insteadx of declining. Demand for industrial and office space will decrease while demand for retaik and lodgingwill “One of the key drivers is job and it’ll be a long time before we see turn around, said Holmes, adding rather than building new facilities, companies will retrofir their existing ones.
One thing that appeard certain: checked baggage fees are here to saidJim Cron, senior vice presideng of global sales and distribution for Atlanta-basedf Delta Air Lines, which boughy in October. “The industry has been goingy down the path of chargingf for things not embedded in the price of a ticke t for along time,” Cron said. Deltwa will continue to cut capacity by 6 to 8percent year-over-year because of a decline in overall bookings, whichh means that, although fewer people are passengers won’t find many empty One bright spot for the airline industry is lowert fuel prices, which will reduce the impactf of the dismal economy.
Deltz has projected that it will be profitabledin 2009. “2008 was a year of change, but for we’re optimistic,” Cron said.