The International Air Transport Association (IATA) is an international trade association covering 240 airlines in the world (84% of world’s air traffic). The association, along with collecting and analyzing flight data as well as financial data regarding airlines, does a lot to support aviation and airline industry worldwide.
IATA has recently published a report on the financial growth of airlines in August – September 2014. The key findings of the report are as follows:
Airline industry continued to improve in August – September 2014 period and the improvement is lead by US carriers.
Worldwide airline share prices decreased by 4% in September. The decrease is predominantly caused by the shrinking economies and the spread of the Ebola virus.
Jet fuel prices fell in relation to the lapse in crude oil prices.
Passenger revenues increased in the US but in other regions, the revenues remained weak.
The volume of air travel in general continued to expand thanks to the growing conditions in the US and Asia.
In August 2014, the growth in available seats slowed down to 3.5% (annual).
Passenger load increased while air freight load decreased (0.4%).
Although the airline share prices had to face a decrease by 4% in the August – September 2014 period, the yearly data shows that they are still up by 11% in 2014, according to the report. Moreover, the volume of air passengers rose in every region without exception in the period.