IATA: Airlines to report higher Q2 profits

More than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 versus a year earlier, according to a quarterly airline business confidence index survey conducted by the International Air Transport Association (IATA).

Seventy-seven per cent of respondents reported that profitability increased year-on-year in the second quarter this year, more than double the corresponding share in the previous survey and the highest proportion in almost seven years. (IATA: Suben 44% acciones de aerolíneas mundiales en junio)

The passenger side remained consistent with the robust demand backdrop seen during the opening months of this year, with 71% of the respondents reporting a year-on-year increase in passenger traffic in the second quarter, which resulted in the backward-looking weighted-average score recovering to a five-quarter high.

"Eighty-one per cent of respondents expect passenger volume to rise further in the year ahead –the highest proportion since the October 2013 survey," it said in a statement.

On the input cost, the survey revealed that half of the respondents reported a decrease in the quarter under review compared with a year ago while a further 31% of the respondents reported no change.

"A number of respondents noted the role that efficiency gains and optimisation efforts have played in decreasing costs. A modest 19% of respondents reported an annual increase in input costs in the quarter.

"Given renewed weakness in crude oil and jet fuel prices, just 19% of respondents reported that they expect input costs to increase over the coming 12 months. This was the lowest proportion in six surveys," it said.

As to employment, the survey showed that 43% of respondents reported an increase in the second quarter 2017 relative to the same period in 2016, with just 15% reporting a decrease, making the weighted-average score for employment activity over the past three months remaining above the 50-mark for the 10th straight quarter…

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