IATA reduces loss estimate on falling fuel prices as traffic growth slows
IATA, citing the easing of oil prices in the current quarter, trimmed its estimate of industry losses in 2005 from $7.4 billion to $6 billion. Brian Pearce, IATA's chief economist, told ATWOnline that the organization decided the average price of oil will be in the $54-$55 per barrel range, down...
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