IATA warns on effect of Ukraine crisis

In its latest release, the International Air Transport Association (IATA) has warned that the situation in the Ukraine coupled with the increase in oil price will impact airline profitability. “Airline profitability is highly sensitive to economic performance and geopolitical tensions. For example, while a resolution of the situation in the Ukraine is still far from clear, the rise in oil prices is being felt across the industry. Government policies cannot over-rule market forces; however they can create an environment in which aviation (and other industries) can thrive. In the case of aviation, it is a catalyst for prosperity supporting some