IATA releases Airline Financial Monitor

first_imgThe International Air Transport Association has released the November and December results in the Airline Financial Monitor and worldwide airline share prices rose four per cent in December.For the year as a whole share prices were up 40 per cent which was helped by the decline in crude oil and jet fuel prices over recent months.Crude oil prices halved by the end of 2014 and have fallen a further 17 per cent in January, IATA have said this is reflecting the appreciation of the US dollar as well as continued growth in supply.Quarter three financial results showed improvements in the US being partially offset by weakness in other regions, however US passenger yields remain up on a year ago.Strong trade growth in Asia Pacific has boosted air freight volumes and the trend in air travel growth remains positive.For November there was growth in all available seats, but it was still below the pace of growth in demand, which should support aircraft utilization rates.Passenger load factors trended sideways in November, but air freight load factors continue to show steady improvement, this was supported by solid expansion in volumes.The report from IATA stated the year 2014 finished on a high, however it could have been better, for 2015 the international air transport body believes the growth will continue throughout. Source = ETB Travel News: Lewis Wisemanlast_img read more