IATA release February Airline Financial Monitor

IATA’s February report of the Airlines Financial Monitor based on figures for Q4 2016, which show that the decline in profitability, which began in the third quarter of 2016, continued across most regions in the fourth quarter, albeit from historically high levels. Global airline share prices continued their positive start to 2017 during February, outperforming the wider global equity market, as expectations for airlines profits improve, particularly in the US. Brent crude oil prices have been broadly stable since December, and traded within a very tight band of $US55-57/bbl during February. Oil prices are still expected to rise only gradually