Ethiopian CEO: African airlines not benefiting from cheaper fuel
Credit: Linda Blachly
African carriers are not benefitting from the decline in oil prices, Ethiopian Airlines CEO Tewolde Gebremariam told delegates at World Routes 2015 in Durban. While the cost of crude oil has halved from $100 to $50 per barrel, the price of jet fuel in Africa has remained constant, Gebremariam said....
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