Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a 2-month-old grounding of the 737 MAX jetliner: threatening to put a halt to 5 years of strong profits in the cut-throat air travel industry. The sector's bosses converge on Seoul for a summit this weekend, but what might have been a celebration of growth in one of the world's most vibrant regions now risks being thrown off course by a crippling US-China trade spat and growing environmental pressures spreading from Europe. "The last 6 months have been pretty tough for airlines," the head of IATA said ahead of the annual meeting of the body. "Rising costs, trade wars and other uncertainties are likely to have an impact on the bottom line," IATA DG Alexandre de Juniac added. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-31/general/trade-gloom-rising-oil-boeing-737-max-woes-to-cloud-aviation-summit
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Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a 2-month-old grounding of the 737 MAX jetliner: threatening to put a halt to 5 years of strong profits in the cut-throat air travel industry. The sector's bosses converge on Seoul for a summit this weekend, but what might have been a celebration of growth in one of the world's most vibrant regions now risks being thrown off course by a crippling US-China trade spat and growing environmental pressures spreading from Europe. "The last 6 months have been pretty tough for airlines," the head of IATA said ahead of the annual meeting of the body. "Rising costs, trade wars and other uncertainties are likely to have an impact on the bottom line," IATA DG Alexandre de Juniac added. <br/>
