COMMERCIAL AIRCRAFT
Crude Talk
PHOENIX BERLIN WASHINGTON Here is a notion that will make airlines smile and airframers cringe: oil at $40 a barrel. In a high-profile address to the International Society of Transport Aircraft Trading conference in Phoenix, economist Adam Pilarski raised eyebrows with the prediction that crude prices—a key driver of demand for new, more fuel-efficient jets—will crash to $40 by 2018.
By JOSEPH C. ANSELMO,JENS FLOTAU,MADHU UNNIKRISHNAN