Reported 1 day ago
The airline industry is reaping benefits from declining oil prices, which are reducing kerosene costs and consequently lowering ticket prices, according to Willie Walsh, director general of the International Air Transport Association (IATA). While this decrease may stimulate demand, it also reduces overall revenue for airlines. Walsh made these comments during IATA's annual meeting in New Delhi, where industry leaders are assessing the current state and profitability outlook of the sector amid economic challenges.
Source: YAHOO