View Full Version : Middle Eastern airlines 33% profit fall forecast

5th Sep 2008, 04:58
33% fall in Middle East airline profits forecast - Transportation - ArabianBusiness.com (http://www.arabianbusiness.com/529979-33-fall-in-gulf-airline-profits-forecast?ln=en)

5th Sep 2008, 09:47
The article appears to be a report on the IATA press release, not specific to any particular carrier.

Montreal - The International Air Transport Association (IATA) today announced a revised industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008 based on an average crude oil price of US$113 per barrel (US$140 for jet fuel).

Full press release on IATA web site Airlines to lose US$5.2 billion in 2008 - Slowing Demand and High Oil to Blame (http://www.iata.org/pressroom/pr/2008-09-03-01.htm)