Through the second half of 2014 the jet fuel price dropped significantly. As of mid-November IATA was reporting the price as being down by 20% compared to a year earlier and that the impact on the fuel bill for the global airline industry in 2014 would be a saving of USD7 billion. The only shadow on the horizon is the possibility that the lower oil prices reflect weaker demand in the global economy and, if that were so, air travel demand may be set to weaken. - See more at: http://www.oag.com/OAG-Blog/top-5-aviation-trends-look-out-2015#sthash.XJgGx4qK.dpuf