The latest airline financial data from the International Air Transport Association(IATA) continues to show that industry profitability improved in the first quarter of 2018 relative to the same period a year ago. The pick-up in industry-level performance was driven by a turnaround for European airlines. Nonetheless, says IATA, investor concerns about the impact of rising fuel prices on future airline financial performance saw global airline share prices fall for the fourth month in a row in May. The global airline share price index has now fallen by 8.5% since the start of the year, continuing to underperform the global equity

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