Airlines Financial Monitor - November 2014 Released 5th December 2014 Key points from our full report on airline financial performance in October-November: Worldwide airline share prices rose 14% in November, supporting by continued decline in the price of crude oil and jet fuel; Crude oil prices are down 36% since the mid-year peak, reflecting appreciation of the US dollar as well as continued growth in supply, particularly in the US; Q3 financial results show improvements in the US being partially offset by weakness in other regions; US passenger yields remain up on a year ago, but weakness continues in other regions; Air freight volumes continue to expand and the trend in air travel growth remains positive, supported by improving economic conditions in the US and strong trade growth in Asia Pacific; Growth in available seats fell to an annualized rate of 1%, well below the pace of growth in demand, which should support aircraft utilization rates; Passenger load factors weakened slightly in October, but air freight load factors continue to show steady improvement on the back of growth in demand.
Posted on: Fri, 05 Dec 2014 14:33:26 +0000
Trending Topics
Recently Viewed Topics
© 2015