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As the bond rate inversion curve appeared on 14-Aug-2019 in the US and the UK, Wall Street headed rapidly south. A number of other countries have already this experienced inversion for a while. And in Germany, the world’s fourth largest economy, GDP growth rate went into reverse in 2Q2019. Does this mean recession is coming, or even imminent? Air freight numbers have been steadily falling for nearly a year. They used to be good forward indicators of where the world economy is headed, but not so much in recent years. Passenger traffic growth too has slowed markedly in the past year. Globa
July 30, 2019 American Airlines Group president Robert Isom reported the carrier’s performance in the US domestic market was “broad based” during 2Q2019 (Seeking Alpha, 25-Jul-2019). Mr Isom noted domestic demand is expected to “remain robust” in the future, with the region anticipated to be the “best performing entity” in 3Q2019. Unit revenue in the Atlantic increased 3%, despite currency headwinds, while international point of sale remained “challenging”. Unit revenue in Latin America increased 4.4%, with Brazil and Mexico proving to be “particularly strong”, while Argentina and the Do
March 27, 2018 CAPA – Centre for Aviation stated (27-Mar-2018) American Airlines reportedly plans to announce the launch of Los Angeles-Buenos Aires service and resumption of Miami–Porto Alegre and Miami-Recife services in the near future. https://blueswandaily.com/american-airlines-may-announce-new-service-to-argentina-brazil-in-near-future-report/
May 24, 2019 Chile‘s Supreme Court overruled the Court of Free Competition’s (TDLC) decision on the JBA between LATAM Airlines Group, American Airlines and IAG, and rejected the JBA proposal (La Tercera/Reuters, 23/24-May-2019). The court decided the combined market-share resulting from the alliance “would be hard to challenge”. The carriers have alternative plans to pursue the partnership in markets other than Chile. https://blueswandaily.com/chile-supreme-court-rejects-jba-between-latam-american-airlines-and-iag-as-hard-to-challenge/