Wednesday, December 10, 2014

Airlines to expect rise in profit with drop in oil prices

As crude oil prices continue to drop, one group of companies appear to be the winners. Most airlines can expect to make a larger profit this year, thanks to the drop in oil prices.

IATA, the Geneva-based group that represents 240 airlines or what comprises 84 percent of air traffic, has given its forecast that 2015 profits for airlines should reach $25 billion even though profit margins will continue to stay tight at around 3 percent.

Good news for Garuda?

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