Editorial Comment

OPEC agreement solidifies expectations of a harder 2017 for airlines, but it is a mixed bag

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OPEC agreement solidifies expectations of a harder 2017 for airlines, but it is a mixed bag

Oil prices rose over 8% across the board yesterday as OPEC agreed to cut production by 1.2 million barrels a day from 33.6 million – the first agreement in some seven years. The expectation now is that non-OPEC producers will also move to cut production by around 500-600 thousand barrels a day. Th...

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