How Airline Cuts Affect Philip Morris

Includes: BTI, IMBBY, LO, PM, RAI
by: Judy Weil
Philip Morris (NYSE:PM) on how the global slowdown in air travel is affecting the cigarette business. From Philip Morris' Q408 conference call:

One area we have seen some softness is Duty Free, but clearly we have seen a reduction in travel in a number of places and particularly in Asia and we have detected some softness in the numbers on Duty Free, but that’s really so far the only thing that seems to have been hurt by the current economic climate.


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