Falling oil prices should help boost a weak global economy and lower average airfares by 5% in 2015, IATA forecasts. The world’s airlines are expected to post a collective net profit of $19.9 billion for 2014, up from $18 billion that IATA forecast in June, and $25 billion in 2015. That’s a good result, IATA chief economist Brian Pearce told journalists at a briefing in Geneva in December, but it means the 2015 net post-tax profit represents a margin of just 3.2%. And that is ...

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