Article: High Oil Prices May Hurt World Airlines

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 ...

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