IATA Airlines Financial Monitor - July 2017

Released 15th August 2017

Key points from our full report on airline financial performance in June-July:

  • Initial airline financial results from Q2 2017 have been more robust than earlier in the year, and suggest that the squeeze on profit margins from higher costs and weak yields peaked in Q1.
  • Meanwhile, having trended downwards since 2013, the latest monthly data suggest that passenger yields have now started to trend upwards. Exchange rate-adjusted yields were broadly unchanged from their year-ago level in May.
  • Global airline share prices fell in July, driven by a decline in the North America index. Having seen airline shares outperform global equities over the past year, July's decline appears, in part, to reflect profit taking by investors.
  • Brent crude oil prices rose back above US$50/bbl in July, and ended the month nearly 10% higher than they started it. Nonetheless, the futures market remains consistent with just a modest increase in prices over the medium term.
  • Passenger and freight demand growth posted their strongest first half of the year since 2005 and 2010 respectively. The seasonally-adjusted passenger load factor remained broadly stable close to an all-time high over the same period, while the freight load factor recovered to its highest level in more than two and a half years.
  • The pick-up in global trade is helping to support premium passenger demand, particularly to, from and within Asia Pacific. Premium revenues have risen in year-on-year terms on key routes to and from the region so far in 2017.

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IATA Air Passenger Market Analysis - June 2017

Released 3rd August 2017

Key points from the report on air passenger markets in June:

Global revenue passenger kilometres grew by 7.9% year-on-year in H1 2017 - the fastest first half since 2005.
The strong start to the year has been driven by a brighter global economic backdrop and stimulus from lower airfares.However, the exceptionally supportive demand conditions have softened somewhat.

The industry-wide passenger load factor posted an all-time high for the first six months of a year (80.7%).
The Middle East was the only region to see a deceleration in annual int'l RPK growth in H1 2017 vs a year ago.

To read the report in web version click here

IATA Air Freight Market Analysis - June 2017

Released 2nd August 2017

Key points from the report on air freight markets in June:

Global freight tonne kilometres (FTKs) grew by 10.4% year-on-year in H1 2017 - its strongest start in 7 years.

Industry drivers continue to indicate that the best of the cyclical growth upturn may now have passed. Nonetheless, the strong upward trend in seasonally adjusted (SA) freight traffic has reasserted itself.

African airlines topped the int'l FTK growth chart in H1 2017, alongside robust growth for the major regions.

The upward trend in demand has continued to outpace that of capacity, which is supporting the SA load factor.

To read the report in web version click here



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