Sunday, July 14, 2024

Low oil prices causes ‘domino effect’ on other industries

Low oil prices are causing projects to be cancelled or delayed, having a ‘domino effect’ on other industries, but Volga-Dnepr Airlines regional sales manager, Georgy Sokolov says he is hoping for a strong end to the year. As well as projects being cancelled or delayed, which has caused a knock-on effect of stricter budgets and […]

IATA WCS: Low oil prices a double edged sword

The fall in oil prices is a double edged sword for the industry, because though it encourages the use of older freighters, this increases overcapacity, International Air Transport Association (IATA) senior economist George Anjaparidze says. Anjaparidze spoke at the IATA World Cargo Symposium on 15 March during the plenary titled ‘Economic Outlook: When Will Growth […]