IATA monitors upturn

MONTREAL  Worldwide airline share prices rose 14% in November, supporting by continued decline in the price of crude oil and jet fuel, IATA reported Monday.
The monthly IATA monitor said crude oil prices dropped 36% since the mid-year peak, reflecting appreciation of the US dollar as well as continued growth in supply, particularly in the US.
Airlines during the third quarter enjoyed fiscal improvements in the US, but it was partially offset by weakness in other regions.
US passenger yields remain up on a year ago, but weakness continues in other regions.
inside no 6Growth in available seats fell to an annualized rate of 1%, well below the pace of growth in demand, which should support aircraft use rates.
In October there were 126 new aircraft delivered compared with 145 new deliveries in September. In addition, 101 aircraft went into storage in October, compared to 52 in September.
Passenger load factors weakened slightly in October, but air freight load factors continue to show steady improvement on the back of growth in demand.

sourced:traveldailynews.asia