Airlines' profit forecast rises as oil prices plunge
Global airline association IATA has raised the sector's profit forecast
Geneva - AFP
Global airline association IATA on Wednesday raised the sector's profit forecast to a record $19.9 billion for 2014 and $25 billion for 2015, as plunging oil prices drive down costs.
"Lower oil prices and stronger worldwide GDP growth are the main drivers behind the improved profitability," IATA said in a statement.
Crude prices have plunged by more than 40 percent since June, owing in part to a glut in supplies as the United States ramps up shale production.
The price drop is fuelling record takings for the aviation industry, with collective profit to more than double in 2015 from $10.6 billion in 2013.
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:59 2018 Merkel policies in focus in final debate on draft German budget
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 22:14 2017 Monday ,20 February
Iraqi Culture Minister urges tourism companies to attract visitors
GMT 09:30 2017 Thursday ,28 December
Two injured in Quetta gas cylinder blast
GMT 05:43 2017 Thursday ,06 April
Petrochemical shares lift Saudi bourse
GMT 22:58 2017 Tuesday ,22 August
Premier thanked by Egyptian President
GMT 12:53 2017 Friday ,10 November
Ahsan Iqbal condemns Quetta blast
GMT 05:17 2017 Tuesday ,27 June
'Transformers 5' tops box office, opens at franchise lowGMT 10:44 2011 Sunday ,02 October
Rotana says Haifa Wehbe \'avoiding their calls\'
GMT 21:06 2017 Friday ,11 August
NFL: One year after anthem protest, Kaepernick frozen out of NFL
GMT 00:11 2017 Thursday ,09 November
UAE provides new batch of police vehicles to Hadramaut security department
GMT 12:25 2016 Wednesday ,14 December
Evaluation of Participating Companies Goes in Full Swing
GMT 09:43 2017 Wednesday ,11 January
Harden plays down MVP talk after latest NBA triple
GMT 00:43 2017 Thursday ,13 April
Oman issues Government Treasury bills worth OMR65 million
GMT 19:23 2016 Tuesday ,18 October
6500 tons of butane gas arrive at Suez's El Zaytiat port
GMT 08:33 2017 Thursday ,04 May
Arab Organization of Tourism praises efforts to protect tourists
GMT 19:00 2017 Saturday ,07 October
HH Shaikh Nasser attends Chechen President's birthday
GMT 18:52 2017 Wednesday ,19 April
Fox dumps embattled host over harassment allegations
GMT 23:39 2017 Friday ,14 April
Freight train begins first journey from Britain to China
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor