IATA airlines face bankruptcy if fuel rises
Geneva - AFP
Airlines face bankruptcy if fuel prices were to soar to $150 a barrel from about $120 at the moment, IATA chief Tony Tyler warned on Tuesday, pointing out that Europe risks suffering the biggest losses. "We cannot rule out the possibility of some bankruptcy, all regions will lose in this case, the most losses will be in Europe, but everywhere, there will be significant effects," said Tyler.
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