AFRAF - Tumbling Oil Prices: Double-Edged Sword For Airlines

This report was prepared as an early access report for subscribers of The Aerospace Forum. At the time of writing this report, oil futures were taking a massive hit of 20% after Saudi Arabia cut its export prices by 10% and increased production. The move followed after Russia refused to cut oil production to stabilize oil prices, infuriating Saudi Arabia. Slashing oil prices is directly targeted against Russia, but it hits all oil producing countries and hits countries with a high breakeven price on oil production harder than Saudi Arabia.

In this analysis, we