3-Mar-2016 5:10 PM

Qatar Airways CEO expects fuel prices to increase from late 2016, level off in mid 2017

Qatar Airways Group CEO Akbar Al Baker, speaking at a press conference for the launch of Doha-Sydney service, said (03-Mar-2016) he does not expect fuel prices to remain "artificially low." Mr Al Baker expects prices to increase from late 2016 and level off at USD50 to USD60 per barrel by mid-2017. Mr Al Baker claimed current low prices are the result of a "deliberate plan" driven by "political reasons" and said prices below USD60 and above USD100 per barrel are harmful to the world economy.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More