Frost & Sullivan: Oil Prices head Northward and Aerospace Sector set to head Southward

22-Feb-2011 The global aviation sector was expected to make good profits in 2011; however it looks quite unlikely considering the current political situation in the Middle East region. Frost & Sullivan forecasts this Middle Eastern crisis to hit the aviation sector soon. The Aviation Turbine Fuel (ATF) prices account for a major portion of the operational expenses. The crisis in the countries in Middle Eastern states has raised the oil prices per barrel. Assuming the situation continues, the oil prices are expected to touch US $ 115- US $ 120 per barrel within the next two weeks which would result the global airlines in losses for the current year.