(EnergyAsia, December 19, Wednesday) — The International Air Transport Association (IATA) has predicted the industry to report a profit of $5 billion next year compared with $5.6 billion in 2007.It said the US subprime and credit problems along with higher oil prices, assuming a forecast crude price of US$73 per barrel, will offset the impact…
MARKETS: World airlines to report lower profits for 2008 on higher fuel costs
Posted on December 18, 2007 by EnergyAsia