IATA has released its report summarizing global airlines’ financial performance for the month of July.
The report states that worldwide airline share prices fell 2% in July compared to June, but in line with performance of the broader market.
Initial Q2 financial results show strong gains for US airlines’ performance, but declines in Asia Pacific due to cargo weakness and cost pressures for Chinese carriers from the depreciating Yuan.
Jet fuel prices eased slightly in July as improving crude oil supply conditions in some regions countered concerns over conflict in the Middle East and Ukraine.
US passenger yields are up after declines in Q1, but weakness continues in other regions.
Air travel markets continue to expand and air freight demand recorded a small improvement in June, consistent with a rise in business confidence and stronger world trade activity.
Expansion in available seats showed a seasonal spike in June, stronger than growth in demand.
Passenger load factors fell on the back of strong capacity expansion, but air freight load factors improved slightly due to a contraction AFTKs.
IATA releases July Airlines Financial Monitor
