Airline Executives Gather at IATA Convention and Look for Answers
30 May 2016 19:17:13
wsj.com
The airline industry has finally shaken off its boom-and-bust past, says the head of the world's largest carrier, but investors aren't buying it because familiar signs of trouble loom on the horizon.
Global air fares are falling as carriers add ever more aircraft, and low oil prices, which helped airlines land record profits of $33 billion last year, are inching higher. In addition, terrorism fears are weighing on bookings and, even as more passengers take to the skies, growth is stalling in some regions.
It's a challenging mix for the 200-plus airline executives gathering in Dublin this week for the industry's annual jamboree hosted by the International Air Transport Association, a big trade group.
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