IATA: Low oil prices may be behind us, economic growth and confidence increasingly important

IATA reported (25-Nov-2016) oil prices having risen by around 50% since their low-point early in 2016, meaning "the biggest stimulus to demand on this front may now be behind us". According to the airline industry group, going into 2017 global economic growth is expected to make "another moderate contribution to passenger growth", while confidence-linked growth for air passenger demand "could be expected to rebound, making a positive contribution after a tumultuous year". According to IATA, despite weaker tailwinds from oil prices, the global passenger growth is expected to "remain solid" for 2017. [more - original PR]