Lower oil prices to boost airline profits

Ross hopes for quick Norwegian route decision

2nd June, 2016
Transport Minister Shane Ross at the IATA meeting in Dublin Pic RollingNews.ie

Global airline earnings are set to be $3.1 billion higher this year than previously estimated as the impact of lower fuel costs makes up for a slowdown in passenger growth, according to the industry’s main trade group.

Net profit across the sector is likely to reach $39.4 billion in 2016, extending a record result set last year, when carriers generated collective proceeds of $35.3 billion, the International Air Transport Association said today at its...

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