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Falling oil prices could help boost a weak global economy and lower average airfares by 5 per cent in 2015, International Air Transport Association (IATA) has said.
The world’s airlines are expected to post a collective net profit of $19.9 billion (Sh1.791 trillion) for 2014, up from $18 billion (Sh 1.62 trillion) that IATA forecast in June and $25 billion (Sh2.25 trillion) in 2015.
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