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Falling oil prices leading to record airline profits, cheaper air fares
Published Mon, Feb 1, 2016 · 09:50 PM
New York
PLUMMETING oil prices have led to falling plane ticket prices - and prospects for an even bigger bonanza of consumer-friendly fares in the coming months, airline industry players say.
With fuel prices down by two-thirds from the dizzying heights of mid-2014, when oil topped US$100 per barrel, the once cash-strapped airline industry is now reaping record profits.
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