Global airline share prices rise
The worldwide airline share prices rose 14% in November, supporting
by continued decline in the price of crude oil and jet fuel. Crude oil
prices are down 36% since the mid-year peak, reflecting appreciation of
the US dollar and continued growth in supply, particularly in the US.
The third quarter financial results show improvements in the US being
partially offset by weakness in other regions.The US passenger yields
remain up on a year ago, but weakness continues in other regions.
Air freight volumes continue to expand and the trend in air travel
growth remains positive, supported by improving economic conditions in
the US and strong trade growth in Asia Pacific.
Growth in available seats fell to an annualised rate of 1%, well
below the pace of growth in demand, which should support aircraft
utilisation rates.
Passenger load factors weakened slightly in October, but air freight
load factors show steady improvement on the back of growth in demand.
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