Tag Archives: IATA Economics’ Chart

According to IATA Economics’ Chart, The jet fuel price rose by more than 70% during the first 6 months of 2022, marking one of  the steepest increases since at least 2002 (see chart), and causing unprecedent pressure in terms of cost management for the airline industry. Faced with this major cost increase, it is encouraging to note that the global supply of oil recovered in July, and this upward trend is expected by IEA (International Energy Agency)to last till at least the end of the year. The Brent crude oil price already fell by USD 30 per barrel from its peak in June to USD 96 per barrel on 18 August. As suggested by the downward-sloping futures curve, the market expects the oil price to continue trending down till at least next year

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