Airlines poised for US$12b windfall thanks to oil collapse
Profits in 2015 will swell 25 per cent to US$25 billion, according to Iata
Thu, Dec 18, 2014 - 5:50 AM
AIRLINES around the world are poised for a US$12 billion windfall as the global oil crash cuts bills for jet fuel, the biggest expense in an industry that was battered by surging commodity prices last decade.
The savings promise to produce fatter profits and, in the US,...