Qatar Airways postponed an initial public offering because of the uncertainty surrounding global economic growth, according to a Zawya Dow Jones report. The Middle East carrier had planned to launch its public offering later this year, and was mulling a dual listing in Doha and London. Airline stocks have declined sharply year to date, with the benchmark NYSE Arca Airline Index off by roughly 27% because of fears the global economy was headed to a recession. U.S. airlines said earlier this week they have yet to see any signs of slowing demand and were recently able to hike base ticket prices by about $10 a roundtrip ticket.
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