U.S. Markets close in 5 hrs 22 mins

Falling Oil Prices Could Boost Airlines’ Profitability

Andrew Brunton
Falling Oil Prices Could Boost Airlines’ Profitability

Since mid-October, the market has been bearish on oil prices. The sanctions levied by the US government on Iran have been softer than expected. Earlier, analysts expected stricter sanctions by the Trump Administration on Iran. Analysts expected a massive crude oil supply crunch. However, the US gave temporary waivers to eight countries, including China and India—the major importers of Iranian oil.