Airline Share Prices Rose By Three Per Cent In July

The International Air Transport Association (IATA) has released its financial monitor for July 2013, revealing that global airline share prices increased by three per cent, but underperformed the broader market on weakness in the Asia Pacific region. Initial 2Q financial results showed “solid improvement” in profits across all regions. Passenger travel continued to “expand strongly” and load factors reached a record high in June, while air freight volumes experienced a small improvement – but weak demand and greater capacity caused load factors to decline. Passenger capacity continued to expand through new aircraft deliveries and a decrease in storage activity. Jet fuel prices climbed back above $120/bbl due to temporary supply and demand impacts. Prospects for acceleration in both passenger and freight markets are “limited”.

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