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Article: High Oil Prices May Hurt World Airlines
- Article from:
- AP Online
- Article date:
- June 7, 2004
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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GILLIAN WONG, Associated Press Writer
AP Online
06-07-2004
Dateline: SINGAPORE
Airline CEOs take part in a discussion on the direction of the air travel industry from left: Discussion moderator Nik Gowing, Singapore Airlines CEO C.S. Chew, United Airlines CEO Glenn Tilton, Easy Jet CEO Ray Webster, Qatar Airways CEO Akbar Al Bakar, British Airways CEO Rod Eddington, and Financial Analyst Chris Tarry Monday June 7, 2004 in Singapore.(AP Photo/Ed Wray)
The sharp spike in oil prices may cost the world's airlines billions of dollars in losses this year and further damage the industry's recovery after a series of setbacks, the head of the global air transport association said Monday.
"Last year ...