Key points from our full report on airline financial performance in January-February:
Airline share prices made no progress in February compared to January, but still outperformed the market despite the February surge in jet prices;
Financial markets are starting to recognize structural improvements in airlines financial performance;
Q4 profit results show a pause in the recent improvement, with the US and Europe making net losses;
Jet fuel prices have stayed well above $130/b, despite some easing over recent weeks, reflecting tighter market conditions;
Passenger markets continued the stronger trend seen at the end of 2012, supported by a further increase in business confidence.
Air freight markets were stable around a flat trend;
Airlines kept capacity growth down at slow rates, helped by slower growth of the in-service fleet;
As a result, passenger loads factors on domestic markets reached record levels, above 80%;
Passenger yields started to show renewed signs of improvement, with current levels up 1% on a year ago.
Receive alerts of new releases from IATA Economics: subscribe at www.iata.org/optin and select "Economic Briefings"
International Air Transport Association
33, Route de l'Aéroport, P.O. Box 416, 1215 Geneva 15 Airport, Switzerland.
© Copyright 2010. All rights reserved.