The International Air Transport Association (IATA) reports world-wide airline share prices fell six per cent in November, partly owing to concerns that the Paris attacks will impact demand for air travel.
A spokesperson for IATA said: "Financial performance of the airline industry has remained solid, but mostly driven by the US and Europe. Airlines in other regions are showing declines in Q3 compared to a year ago.
“Crude oil prices fell to $40/bbl in November, reflecting intensified concerns over excess supply as well as a softer demand outlook.
“Passenger yields in the US continue to fall and although the US$ appreciation has exaggerated declines in global fares, currency-adjusted levels are also down, by five per cent year-to-date.”
Weakness in the currency-adjusted yields and fares reflects downward pressure from factors including the decline in fuel costs and stronger growth in capacity relative to demand in some regions.
“RPK volumes expanded further in October while FTKs volumes fell back after signs of modest gain in Q3,” said the spokesperson.
“Growth in the number of seats plunged in October, well below expansion in demand, which should help support aircraft utilisation."
The International Air Transport Association (IATA) reports world-wide airline share prices fell six per cent in November, partly owing to concerns that the Paris attacks will impact demand for air travel.
A spokesperson for IATA said: "Financial performance of the airline industry has remained solid, but mostly driven by the US and Europe. Airlines in other regions are showing declines in Q3 compared to a year ago.
“Crude oil prices fell to $40/bbl in November, reflecting intensified concerns over excess supply as well as a softer demand outlook.
“Passenger yields in the US continue to fall and although the US$ appreciation has exaggerated declines in global fares, currency-adjusted levels are also down, by five per cent year-to-date.”
Weakness in the currency-adjusted yields and fares reflects downward pressure from factors including the decline in fuel costs and stronger growth in capacity relative to demand in some regions.
“RPK volumes expanded further in October while FTKs volumes fell back after signs of modest gain in Q3,” said the spokesperson.
“Growth in the number of seats plunged in October, well below expansion in demand, which should help support aircraft utilisation."
