Run the bit about air travel demand improving past us again
Some metrics are as important to air transport as heart beats are to humans.
Especially the pulse of the world’s largest banking system in the US.
So if we assume that the most important metric in banking is that for the commercial loans that provide liquidity to the world’s largest economy, this chart and its commentary, coming after a sharp fall overnight in consumer confidence in the US, doesn’t look too flash.
It certainly offers a broader context against which to consider the recent Qantas half yearly profit disappointment, and whatever it is that the Virgin Blue carriers report later this morning.
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