IATA is pleased to send you herewith the December report of the Airlines Financial Monitor
Key points:
- Worldwide airline share prices rose 4% in December and are up 40% for the year, 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% in January, reflecting the appreciation of the US dollar as well as continued growth in supply;
- Q3 financial results show improvements in the US being partially offset by weakness in other regions;
- US passenger yields remain up on a year ago, but weakness continues in other regions;
- Air freight volumes continue to expand and the trend in air travel growth remains positive, supported by improving economic conditions in the US and strong trade growth in Asia Pacific;
- Growth in available seats accelerated in November, but is 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, supported by solid expansion in volumes.
