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Airlines Financial Monitor – October 2014

Worldwide airline share prices rose 6% in October, supporting by continued decline in the price of crude oil and jet fuel.

Key points:

  • Worldwide airline share prices rose 6% in October, supporting by continued decline in the price of crude oil and jet fuel;
  • Crude oil prices are down 25% since the most recent mid-year peak, reflecting appreciation of the US dollar as well as continued growth in supply, particularly in the US;
  • Initial 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 Asia;
  • Growth in available seats increased an annualized rate of 7%, above the pace of growth in demand, but is likely reflecting the normal seasonal increase at this time of year;
  • Passenger load factors were broadly unchanged in September compared to August, but air freight load factors recorded some improvement as a result of the solid (0.6%) rise in volumes.

 Airlines Financial Monitor Oct 14

Photo caption: Atlanta Hartsfield Jackson International Airport.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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