Crisis Briefing - 22-Oct-08
US shares and oil falls, but airline yields rise
The Dow Jones Industrial Average retreated 2.5% overnight, after Monday’s strong gains. Equity markets around the world are expected to remain highly volatile as the reporting season enters full swing. Much of the weakness in US equities related to reports of falling sales and gloomy outlook statements from leading US firms, heightening concerns about an extended economic downturn. The oil price tumbled 4.5% to USD70.89 per barrel in New York overnight, back near the 14-month low reached last week, as the US dollar strengthened.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.