page contents

IATA detects a decline in airline profitability

IATA detects a decline in airline profitability

eTurboNews -

IATA just released their final second Quarter 2018 airline financial data. The report confirms a decline in airline profitability compared to the same quarter a year ago. Industry-wide cash flows are better than a year ago, but this masks considerable regional differences.

Global airline share prices eased lower in September, despite a 1.0% gain in the North American sub-index and notwithstanding a small gain in global equities overall. Over the past year, North American airline shares continue to outperform the wider equities market.

Oil and jet fuel prices both moved solidly higher in September, driven mainly by supply concerns. Oil prices have risen by around 40% over the past year and jet fuel prices averaged more than US$90bbl in September.

Global (total) passenger yields (base fare only) have moved a little higher in recent months, with premium cabin yields continuing to show more resilience than those of the economy cabin and helping to offset some of the impact of rising input prices.

Passenger demand remained solid into the peak northern hemisphere summer period. Although freight demand has recently eased to a modest pace, yields appear to be holding up.

View full report

Facebook

Twitter

Google+

Pinterest

WhatsApp

Linkedin

Print

Tumblr

Viber

Previous articleWTM London: Pre Opening Speed Networking

Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.

%d bloggers like this: