Lower oil prices helped the International Air Transport Association (IATA) to revise the industry projected profits to $36.3 billion for the year. IATA Director-General and Chief Executive Officer, Tony Tyler, said that “lower oil prices are certainly helping — though tempered by hedging and exchange rates. In fact, we are probably nearing the peak of the positive stimulus from lower oil prices. Load factors are at record levels. New value streams are increasing ancillary revenues.”