National Post (Latest Edition)

AIRLINE EXECUTIVES BRACE FOR OIL PRICE TURBULENCE

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Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety. The annual meeting of the Internatio­nal Air Transport Associatio­n (IATA), with 130 CEOs and 1,000 delegates, will kick off on Sunday, and worries that a three-year run of unusually high returns might end are in the spotlight. IATA, which represents about 280 airlines comprising 83 per cent of global air traffic, in December predicted a record US$38.4 billion of net profit for the airline industry in 2018, with US$27.9 billion coming from U.S. and European airlines. An updated profit forecast to be issued on Monday will be lower, IATA CEO Alexandre de Juniac, pictured, said in Sydney on Thursday.

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