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He cited expectations that consolidation would lead to higher fares and fees.
OPEC cited expectations of waning seasonal demand as the main justification for the production cuts, but some individual representatives cited other reasons.
And realizing this, having very long cited expectations and wonderful calculating abilities, they will turn around and say, hey, I've got more money to spend now.
They cited expectations that consumer and producer prices would rise in the months ahead, particularly compared with low price levels a year ago, when demand temporarily slumped in China as well as the rest of the world.
Similar(56)
PARIS — The European plane maker Airbus raised its long-range forecast for commercial aircraft demand Monday, citing expectations of increasing wealth in fast-growing Asia and the continued expansion of low-cost airlines in the United States and Europe.
"I wouldn't bet against Treasuries in the short term," said Robert Justich, managing director for fixed income at Times Square Asset Management, citing expectations for lower rates and Fed-led optimism that inflation will remain contained.
The Bank of Canada left its benchmark interest rate unchanged at 2.75percentt, citing expectations that the exceptional growth of the American economy will soon translate into higher Canadian exports and robust domestic growth.
PARIS — With air passenger and cargo traffic recovering steadily, Boeing on Thursday raised its long-range forecast for commercial aircraft demand, citing expectations of steady air traffic growth in Asia's emerging markets and the rapid expansion of low-cost carriers in Europe.
Prudential Equity Group raised the target price on BP, citing expectations for an increasing ongoing dividend.
Separately, Terry Bivens raised 2009 earnings estimates by a penny, to $2.11, citing expectations that margins will improve in the latter half of the year.
Banking stocks in Hong Kong declined across the board after ratings agency Standard & Poor's cut its ratings on 18 U.S. banks overnight, citing expectations of more difficult operating conditions due to volatile financial markets and tighter regulation.
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