IATA is pleased to send you herewith the April report of the Airlines Financial Monitor.
Key points:
Key points:
- Initial financial results for Q1 2019 indicate a further fall in aggregate profits for the airline industry compared to the same period of previous year. The outcome is mixed at the regional level, with broad stability in North and Latin America, improvement in Asia Pacific but a significant weakening in Europe, although the sample so far is small.
- The global airline share index outperformed the wider equities market in April with better than expected earnings outcomes and earnings guidance in some regions.
- Oil and jet fuel prices climbed again in April driven by the ending of US sanction waivers on Iranian oil imports. At the time of writing this note, the Brent crude oil price is hovering around US$72 bbl (36% higher than the end of 2018) as a result of increased tensions in the Middle East.
- Global base fare passenger yields continued to decline in February, with both premium and economy cabin yields under pressure.
- Annual growth in industry-wide revenue passenger kilometres (RPKs) eased to 3.1%; the weakest annual outcome since early-2010. For freight, volumes were 0.1% higher than their level a year ago, following the sharp annual fall of 4.9% in February.
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