IATA Airlines Financial Monitor - August 2013 - Released 6 Sep 13 - Worldwide airline shares fell 6% in August, underperforming the market as crude oil and jet fuel prices rose; - But airline share prices are still up on a year ago in the US and Europe, reflecting better financial performance, while the opposite is true for Asia Pacific; - Q2 financial results show solid improvement in profits in the US and Europe, but a decline in Asia Pacific; - Jet fuel prices reached $130/bbl in August as geopolitical developments raised concerns over supply disruptions; - Air freight markets continue to improve modestly as downward pressure from advanced economies eases; - Air passenger growth remains solid, up 5% in July, supported largely by performance in emerging markets; - Capacity continues to expand, but at a moderated rate as growth in new aircraft deliveries slows; - Passenger load factors remain high despite a slip in July, and air freight loads stabilized but at low levels; - Passenger yields have stabilized in local currency terms and remain close to year ago levels.
Posted on: Mon, 09 Sep 2013 02:07:37 +0000
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