Fernandes: ‘There will be a huge impact.’
With the oil price dipping below US$80 per barrel this week, the lowest since September 2010 and an anticipated weak price trend well into the new year, oil and gas stocks are starting to feel the brunt of the continuos slide even as airline players are prepping themselves to enjoy the benefits.
AirAsia Bhd, for one, is anticipating a better 2015 as the effects of a lower crude oil price and hence, jet fuel price should kick in fully for it by then amid a more rationalised passenger capacity environment.
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