Rising political instability 'a concern' for airlines
Despite strong October traffic results globally, International Air Transport Association's (IATA) director general and CEO Tony Tyler has highlighted potential issues when considering the outlook for airlines in 2015.
Tyler said: “Falling oil prices, if sustained, should provide a much-needed operating cushion for airlines, but sluggish demand for oil in key markets could indicate a broader economic slowdown. Rising political instability is also a cause for concern."
However, he stated that "the outlook for air travel remains positive" thanks to improvements in economies in Asia-Pacific and the US offsetting signs of weakness in the Eurozone and China.