IATA’s Airlines Financial Monitor

IATA has announced the results of its July report of the Airlines Financial Monitor. Airline share prices rose 4% in July compared to June, outperforming the broader market, reports IATA. The FTSE Global All Cap rose just 0.5% over the month. Airline share prices were in decline throughout the second quarter as a result of investor profit-taking, particularly in the US, as well as the strength of the US dollar which was placing upward pressure on US-dollar denominated costs for non-US airlines. The July rally in airline shares was buoyed by a fall in fuel prices as well as the