Airline share prices declined in June as did the broader market, said International Air Transport Association’s Airlines Financial monitor released on Thursday. So far though the prices are up eight percent this year, it added.
“The Q1 financial results show operating profits are continuing to improve across all regions,” it said adding that jet fuel prices remained at bottom of 2-year range in June, as oil supply increases outstrip growth in demand. Jet fuel prices have trended sideways over the past several months, after a significant drop in April compared to the most recent peak in February. In June jet fuel prices averaged $118/bbl, which is at the bottom of the range for the past two years, said the IATA financial monitor for the month of June.
Full report here Times of India
