Global airline shares strengthen in May; Aircastle management changes

Despite a number of PR disasters, the global airline share price has risen by 7.8% in May and up by more than 20% over the past year, according to the latest report from the Airlines Financial Monitor from The International Air Transport Association (IATA). Gains were observed in Europe, North America and Asia-Pacific but European airline shares led the way again this month, with a 14.3% rise. North American shares also performed strongly, gaining more than 8% in May, to be almost 40% higher over the past year. Asia-Pacific airline shares gained 3.3%, to be up a more modest 4.4%