IATA:airlines challenged by oil rise on Mideast unrest
Oil prices have surged due to worries about turmoil in the Middle East.
February 23, 2011 10:22 by Reuters
Airlines are “very challenged” by oil price rises amid unrest in the Middle East, Giovanni Bisignani, director general of the International Air Transport Association, said on Wednesday.
Oil prices have surged due to worries about turmoil in the Middle East, hitting 2-½ year highs this week.
(Reporting by Chris Gallagher; Editing by Joseph Radford)