jQuery
Aviation Industry

Global airline shares up 44% y-o-y in June, says IATA

Julio 13, 2017

Global airline share prices increased and outperformed the global equity index for the third month in a row in June, according to the International Air Transport Association (IATA).

In its June 2017 Airline Financial Monitor released today, IATA said airline shares had risen by more than 20% since start-2017, and are currently around 44% higher than a year ago.

IATA said the recent gains in airline share prices indicate investors are continuing to look through the impact that squeezed profit margins on airline financial performance in Q1 2017, and they are focusing instead on signs the upward pressure on the breakeven load factor is easing.

It explained the resilience of US crude oil supply has continued to put downward pressure on oil prices.

“Brent crude oil prices fell back below US$50/bbl during June, and are currently broadly unchanged from levels seen a year ago,” IATA added.

Meanwhile, IATA said although passenger yields remain around 4.5% lower in year-on-year terms, the latest monthly data add to signs that the downward trend in yields has bottomed out.

It said passenger and freight demand have both continued their strong start to 2017.

The association said the passenger load factor remains close to an all-time high, while the freight load factor recently recovered to its highest level since July 2014…

Compartir noticia por email:
Fuente: http://www.theedgemarkets.com/article/global-airline-shares-44-yoy-june-says-iata

Síguenos en Twitter: @aerolatinnews