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Down goes oil prices, but IATA forecast remains grim

Date Friday, October 24, 2008
Name Adrian Lawes
Company CD-Traveller
Position Director
Comments Oil Prices may be dropping but how many airlines have hedged their 2009 fuel at prices higher than the current level?

If prices stay this way for about 6 months, then I cannot see many fare reductions or fuel surcharge drops.

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