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IATA – Airlines Financial Monitor December 2015

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IATA Airlines Financial Monitor

 

 

 

 IATA –  December report of the Airlines Financial Monitor

Key points:

  • Worldwide airline share prices were up 3% in December compared to November supported by further falls in fuel prices;
  • Financial performance of the airline industry has remained solid, but mostly driven by the US and Europe. Airlines in other regions are showing declines in Q3 compared to a year ago;
  • Crude oil prices closed the year at around $38/bbl, reflecting intensified concerns over excess supply as well as a softer demand outlook;
  • Passenger yields in the US continue to fall and although the US$ appreciation has exaggerated declines in global fares, currency-adjusted levels are also down, by 5% year-to-date;
  • Weakness in the currency-adjusted yields and fares reflects downward pressure from factors including the decline in fuel costs and stronger growth in capacity relative to demand in some regions;
  • RPK volumes continue positive trend and FTKs show more signs that recent declines are bottoming out;
  • Growth in the number of seats rebounded in November, but still at a slower rate than growth in demand, which should help support aircraft utilization rates;
  • Passenger loads reached a new record high (81.2%, seasonally adjusted) in November and freight load factors improved slightly, 0.6% month-on-month.

For more information: View full report

{Source: International Air Transport Association}

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[photo credits: By Per aspera ad Astra (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons]

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