Inevitable that ticket prices will take a hit as jet fuel costs spike: IATA chief
The disruption to Gulf oil supplies has sent jet fuel costs up, adding pressure on airlines already operating on thin margins. International Air Transport Association (IATA) chief Willie Walsh believes it's inevitable that ticket prices will take a hit. This, as fuel represents either the top or the second-highest element of the industry's cost base. Yasmin Jonkers reports.
The disruption to Gulf oil supplies has sent jet fuel costs up, adding pressure on airlines already operating on thin margins. International Air Transport Association (IATA) chief Willie Walsh believes it's inevitable that ticket prices will take a hit. This, as fuel represents either the top or the second-highest element of the industry's cost base. Yasmin Jonkers reports.
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