IATA: September Airlines Financial Monitor

The International Air Transport Association (IATA) September report of the Airlines Financial Monitor shows, compared to the more complete financial data from Q2, that the year-on-year decline in profit margins was quite small for the industry in aggregate, and actually masked strong increases in the case of European and Latin American carriers. North American airlines again posted the widest profit margins, albeit slightly narrower than a year ago. Industry-wide passenger yields posted positive, albeit very modest, year-on-year growth in July for just the second time in almost four years. Passenger yields have continued to trend higher at an annualized rate