The international Air Transport Association’s (IATA) December report of the Airlines Financial Monitor highlights the final financial results from the third quarter of last year that indicate a further squeeze on airline profit margins resulting from higher input costs last year. Free cash flow generation also declined moderately in the quarter. Equity markets have been volatile in recent months. Global airline share prices fell by almost 10% in December, offsetting the similarly sized increase observed in November as market sentiment on airlines moved with oil prices and recession risk. The Brent Crude oil price is currently around $US60/bbl, ~30% lower

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