Airline Shares Rise As Fuel Price Dips

Worldwide airline share prices climbed six per cent in October, thanks to the continued fall in crude oil and jet fuel prices, IATA has said.

Worldwide airline share prices climbed six per cent in October, thanks to the continued fall in crude oil and jet fuel prices, IATA has said.

Crude oil prices are down 25 per cent since the most recent mid-year peak, reflecting the appreciation of the US dollar as well as continued growth in supply.

Initial Q3 financial results show improvements in the US, where passenger yields are up on a year ago, but these positive results are partially offset by weakness in other regions.

Air freight volumes continue to expand and the trend in air travel growth remains positive, according to IATA.

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