OIL, JAPAN, IRELAND, UK, CHINA – THE ONES TO WATCH

American Airlines is reducing the number of flights to Japan as travel demand to the country continues to fall. The airline said it will suspend two of its six daily flights to Japan from April 6. This news follow moves by other international airlines such as Qantas and Delta to reduce capacity to Japan. American Airlines did not specify how far of its traffic on the Japan – US route has fallen since the earthquake and tsunami hit Japan’s north-east coast, but it is known that Cathay Pacific had at one point two weeks ago near-empty aircraft going to Japan