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Airplane. IATA comments on oil price rise

Geneva, Switzerland - “A sustainable airline industry could deliver much more to the global economy"

Today March 20 2012 IATA states in Geneva: The International Air Transport Association (IATA) announced a downgrade to its industry outlook for 2012 primarily due to rising oil prices. IATA expects airlines to turn a global profit of $3.0 billion in 2012 for a 0.5% margin. This $500 million downgrade from the December forecast is primarily driven by a rise in the expected average price of oil to...

AVIONEWS - World Aeronautical Press Agency - 1138811
Rome, Italy, 03/20/2012 18:39
AVIONEWS - World Aeronautical Press Agency

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