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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