Airlines blame dip in oil price for decline in business travel

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Low oil prices makes jet fuel cheaper but most airlines have been found not to be thrilled about the dip in price. Instead, airline chiefs at the Singapore Airshow blamed the plunge in oil prices for a decline in business travel in the region.
Akbar Al Baker, chief executive of Qatar Airways, said: “It is reducing the business travel. The companies are tightening their belts and there is generally an economic downturn. You’ve always expected that a lower fuel price would stimulate economies, but it is actually doing the other way around.

“Lower fuel costs are not at the moment good news to me because there is a downturn in air travel due to the downturn in businesses due to the recession that is going to happen due to the lower oil prices.”

Are you interested in learning more about corporate travel? BTTB Australia is returning to Melbourne for the first time since 2001 and will enable travel category managers and their suppliers to meet, learn and share best practise. The conference will be held on 4th and 5th May 2016, Melbourne. Read more details here: http://bttbonline.com/ 

 

 

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