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IATA NEWS [Wednesday, June 30, 2010 11:51:57]

posted Jul 2, 2010, 2:47 AM by Rowan Hewitt   [ updated Jul 2, 2010, 2:49 AM ]


[Wednesday, June 30, 2010 11:51:57]
International Air Transport Association
Airlines Financial Monitor - June 2010

Released 30 June 2010

Key points from our full report on airline financial performance in May-June:

  • Airline share prices up 7% so far this year as investors take a positive (short-term) view of airline financial prospects;
  • First quarter financial results improve to breakeven or better in most regions except for Europe;
  • Fears of double dip recession in developed economies slowing trend rise in jet kerosene prices;
  • Strong post-recession rebound in air travel and freight back on track in May, after April disruptions;
  • Load factors back to highs and average fares rising significantly, though the latter are still 10-15% down on pre-recession levels;
  • Low aircraft utilization remains a concern, as aircraft being taken out of storage and new deliveries expand in-service fleet.
- IATA Economics -
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International Air Transport Association

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