Nevertheless, the highly cyclical industry is fighting to maintain its position.
“The airline industry is fragile,” Tony Tyler, International Air Transport Association’s director general and CEO, said in the press release. “Relief in oil prices provides some good news. Unfortunately, the softness in oil markets comes on the back of fears of deterioration in the European economy. Business and consumer confidence are falling. And we are seeing the first signs of that in slowing demand and softer load factors.”
Guggenheim Airline
For more information on a the airliner industry, visit our airlines category.
Max Chen contributed to this article.