ML: Fuel Drives Top Eight Airlines To Lose $1.8 Billion In 2008
Merrill Lynch, in a new report, has changed its 2008 industry forecast for the eight largest airlines from a net profit of $1.7 billion to a loss of $1.5 billion because of the $100-plus price tag for a barrel of oil. Analyst Michael Linenberg revised his Fiscal Year 2008 jet fuel price forecast to...
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