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

Premium Analysis

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

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 127 words.
Become a CAPA Member

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 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.