21-Mar-2011 10:38 AM

Moody's: oil at USD100 will affect long-term economic recovery

Moody's Investors Service forecast sustained oil prices at USD100 per barrel would not affect near-term profitability for the travel and leisure sector, but could dampen the overall global economic recovery in the long term (Bernama, 18-Mar-2011). Airlines are expected to be able to increase fares to adjust for higher oil prices.