18-Mar-2008 10:28 AM
Merrill Lynch lowers 2008 earnings forecasts for U.S. airlines
Analysis
San Francisco (Thomson Financial) - Merrill Lynch Monday lowered its 2008 earnings forecast for U.S. airline companies, citing rising oil costs and a recessionary forecast. The firm said it expects the eight largest carriers will together swing to a $1.5 billion loss.
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