■ Globalisation
In the financial year from April 2018 to March 2019, a single airline service grossed revenues of $1.15 billion. British Airways flights between London Heathrow and New York JFK carried 22,000 passengers on this first ‘billion-dollar airline route’. The passengers were travelling for many different reasons, but a sizeable number of them would be travelling on business. And this is very much in keeping with the idea that commercial relations between New York and London are especially close due to many businesses operating in both cities. The term ‘NY-LON’ was coined in 2000 to describe this situation, implying that these two cities were merging into a single trans-Atlantic city region. NY-LON business people were said to be working through three offices, one in New York, one in London, and one onboard over the mid-Atlantic. As a result, this particular inter-city link has come to be viewed as the geographical axis of the economic globalisation.
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