air travel

Airline Profits to Hit Record Levels on Low Oil

GENEVA, Dec 10 (Reuters) – Low oil prices and healthy demand for travel will boost airline profits again in 2016, the International Air Transport Association said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profits would reach record levels of $36.3 billion in 2016 after

[ Read More ]