The skyrocketing price of oil is posing a threat to the recovery of air transportation and to its plans to start reaping benefits all over again following a recent deep crisis, the Geneva-based International Air Transport Association (IATA) reported this week.
Under normal circumstances, fuel accounts for 16 percent of operational costs for airlines. Yet the 55 percent increase in oil prices from 2003 could make fuel expenditures shoot up from $8 billion to $12 billion overall.




