'Turbulence' ahead for airlines despite oil price drop
Airlines are still in for financial turbulence despite a recent fall in oil prices, with many at risk of posting major losses as the cost of their top input remains historically high."If fuel prices remain at a reasonably low and stable level, of course it'll be favorable to operations of the company," Wang Jian, board secretary of China Eastern Airlines, told AFP.But "despite the recent reduction in oil price, it remains at historically high levels and a significant challenge to the business," said Cathay Pacific Finance Director Martin Murray.
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