Airline Industry Benefiting From Lower Oil Price, IATA Head Says
A passenger aircraft, operated by EasyJet Plc, taking off at London Luton Airport in Luton.
Photographer: Chris Ratcliffe/BloombergThe global aviation industry is benefiting from lower oil prices because they’re bringing down the cost of kerosene, the head of the IATA industry association said.
The reduction in oil prices is in turn helping drive down ticket prices, said Willie Walsh, the director general of the International Air Transport Association.