IATA’s report on airlines’ financial performance for the month of August indicates that worldwide airline share prices rose 3% in August compared to July, slightly ahead of the broader market on further easing in fuel prices.
Initial Q2 financial results show strong gains for US airlines’ performance, but declines in Asia Pacific due to cargo revenue weakness and cost pressures for Chinese carriers from the depreciating Chinese yuan.
Jet fuel prices eased slightly in August as a weakening demand outlook pushed crude oil prices down to a 15-month low. US passenger yields are up after declines in Q1, but weakness continues in other regions. Air travel volumes continue to expand steadily and air freight demand recorded a solid increase in July, supported by improving conditions in Asia, including a rebound in trade volumes.
Expansion in available seats showed moderated in July, but continues to exceed growth in demand, and passenger load factors fell on the back of strong capacity expansion, but air freight load factors have now reversed recent declines.
IATA issues August airlines financial report
