IATA, which represents 240 airlines or 84% of total air traffic, foresees airlines cutting the average ticket price by 5% in 2015, excluding taxes and fuel surcharges through which cheaper fuel costs would...
While the spot price of benchmark Brent slipped to a mere $51.10 a barrel on Tuesday, IATA continues to uphold its projection of benchmark crude at $85 a barrel in 2015 — on the basis that the fall in...
More relevant to airlines, it sees the likelihood of jet fuel price averaging $99.9 a barrel this year.
Based on that projection, the association expects airlines to spend copy92 billion on fuel this year, down from $204 billion last year.