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Airlines counter criticism of profiteering from oil price drop
Published Mon, Feb 15, 2016 · 09:50 PM
Singapore
GLOBAL airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs.
The head of the International Air Transport Association (Iata) told an audience of airline chiefs and regulators in Singapore that industry profitability remained fragile despite a record US$36 billion in airline industry profits forecast fo…
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