My Account Menu

CAPA Login


Register to trial CAPA Membership!

Asian airline shares savaged despite oil crashing to 19-month low

7-Nov-2008

Asia Pacific airline shares endured a bout of heavy selling on 06-Nov-08, despite the oil price falling to its lowest level since Mar-07 on gloomy economic forecasts. The IMF is now forecasting global economic growth will slow from 5% in 2007 to 3.75% in 2008 and to 'just over 2%' in 2009, with the advanced economies slipping into recession - the first such coordinated contraction since World War II [128 words]

Unlock the following content in this report:

Graphs and data:

  • Asia Pacific selected carriers' daily share price movements (% change): 06-Nov-08
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.