IATA REPORTS AIRLINE SHARE PRICE DROP

Dino D'Amore
By Dino D'Amore July 6, 2011 14:05

IATA REPORTS AIRLINE SHARE PRICE DROP

The International Air Transport Association’s (IATA) Airlines Financial Monitor May/June 2011 report states that airline share prices have fallen 12% so far this year even though worldwide share prices have risen by 2%. Airlines are being impacted by higher oil prices and slower economic growth, and the sector posted a first quarter net losses of US$1.8 billion.

“The substantial improvements in airline profits seen from second quarter to fourth quarter 2010 have ended while fuel costs are now considerably higher and revenues are slowing,” the report stated.

IATA’s report also showed that although air travel demand bounced back in May, freight demand was sluggish.

Dino D'Amore
By Dino D'Amore July 6, 2011 14:05
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