Bloomberg | Airlines to Take First Profit Hit Since 2011 as Oil Price Climbs Bloomberg While airlines have this year been reaping record profits following a slump in the price of crude, IATA reckons a barrel of oil will average $55 in 2017, up from $44.60, lifting jet-fuel expenses to almost 19 percent of overall costs. Alexandre de ... Rising oil prices to hit airline profits in 2017 Airlines to make less profit in 2017 as oil prices rise and demand slows, says Iata |