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Airlines brace for loss, but 12-month confidence remains high: IATA survey
AIRLINE profitability gains today are driven by traffic growth and lower fuel costs, according to a new International Air Transport Association (IATA) survey.
Respondents reported seeing a fall in costs in the second quarter compared with a year ago, but at a slower rate than in the first quarter. Similarly, input costs are expected to fall again in coming months, but not as much as forecast.
The rate of expected improvement in profitability over the period fell in July compared with a poll in April, according to IATA's findings.
There is also a view that volume growth will continue in the year ahead, but not at the strong pace that was expected earlier in the year, likely reflecting concerns over weaknesses in the global business environment and emerging market economies.
Respondents continue to report falls in yields in the recent past and coming year, reflecting downward pressure from plummeting fuel prices.
Respondents reported seeing a fall in costs in the second quarter compared with a year ago, but at a slower rate than in the first quarter. Similarly, input costs are expected to fall again in coming months, but not as much as forecast.
The rate of expected improvement in profitability over the period fell in July compared with a poll in April, according to IATA's findings.
There is also a view that volume growth will continue in the year ahead, but not at the strong pace that was expected earlier in the year, likely reflecting concerns over weaknesses in the global business environment and emerging market economies.
Respondents continue to report falls in yields in the recent past and coming year, reflecting downward pressure from plummeting fuel prices.
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