24-Nov-2008 10:23 AM
US airlines shrug off deflation - fares power on in Oct-08, but Asian yield growth softens
Analysis
US airlines reported a 7.4% increase in domestic yields in Oct-08 - a month which saw the biggest fall in consumer prices in the wider US economy in 61 years, stoking fears of a deep recession. Consumer prices in the US fell 1% in Oct-08 - the biggest fall since 1947 - and much deeper than analysts had been expecting, driven by lower energy prices.
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