21-May-2009 11:20 AM
China Airlines, EVA Air yields collapsing - Taiwan airlines in turmoil
Analysis
Taiwan's major airlines, China Airlines and EVA Air, reported further worrying declines in yields last month, further demonstrating the global economy has not bottomed and Asian carriers are dramatically discounting fares and freight rates to fill excess capacity. As oil prices hover around USD60 per barrel, both carriers are facing further deep losses in 2009.
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