IATA is pleased to send you herewith the July report of the Airlines Financial Monitor.
Key points:
Key points:
- Second-quarter financial performance improved in the N American region, which is dominating the relatively small sample of airlines that have reported so far. Profit margins are still falling in Europe and, outside India, in much of the Asia Pacific region.
- The regional differences in financial outcomes have been reflected in the diverging equity performances. Global airline share prices moved up in July (+1.1%) led by North American airlines, but have underperformed the FTSE All-World Index for most of this year.
- Global passenger yields showed signs of stabilizing with a small rise in May, following an improvement in the previous month. Cost pressures from fuel prices have diminished (at least for airlines with low hedging ratios).
- In seasonally adjusted (SA) terms, passenger load factors have improved significantly in recent month, but the cargo business has seen load factors fall further.
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