The global airline fuel industry is projected to hit $200bn (Sh20.4 trillion) this year, accounting for about a quarter of operating expenses, according to a report released last month by the International Air Transport Association (IATA).
“In 2019 the fuel bill is forecast to be $200 billion, accounting for around 24.2 per cent of operating expenses at $65 (Sh6,630) per barrel of Brent, while the industry net profits are forecast to reach $35.5bn (Sh3.6trn).
