New Zealand Herald, 03 June 2018 – Airline chiefs are warning passengers to brace for higher prices as they are hit by fuel costs not seen for three years.
Industry body, the International Air Transport Association says airline profits are at their peak and next year will be “less positive”.
The association will update its industry profit forecast tomorrow at its annual general meeting in Sydney, but speaking in the lead up to the event, director general Alexandre de Juniac, said the outlook had changed during the past six months as fuel rose to prices not seen for three years.
Tight control over supply by producers, strong demand from global economic growth and geopolitical tensions had pushed up prices, although there was a dip at the end of last week. Read more…
