Moody's turns negative on airline outlook

12/5/2008 | Forbes

Despite the sharp drop in fuel prices, Moody's Investors Service on Thursday issued a negative outlook for the global airline industry. Moody's said the "headwind" of declining demand "will limit airlines' ability to get the most out of their capacity-reduction programs," while tighter credit and liquidity pressures are "likely to constrain growth and fleet renewal initiatives."

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