Airline

IATA forecasts airline losses due to soaring fuel costs

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IATA forecasts airline losses due to soaring fuel costs

International Air Transport Association (IATA) has forecast that the global airline industry could suffer losses of more than $5bn if the oil price climbs to $150 a barrel. Tony Tyler, director general of IATA, said that high oil prices had replaced the Eurozone crisis as the top risk facing airline...

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