The International Air Transport Association (IATA) has published the February report of the Airlines Financial Monitor. The latest Q4 2018 financial data indicate that the intense squeeze on industry-wide airline profitability has moderated in the final quarter, with North American carriers seeing much smaller declines in EBIT margin compared to Q3 and Q2. Airline share price movements were generally muted in February, underperforming the global equity index on both an industry-wide and regional level. Oil and jet fuel prices both moved higher for a second consecutive month, averaging around US$64/bbl and US$80/bbl, respectively in February. Given OPEC’s supply cuts and

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