IATA: Trade Wars & Brexit Lead To Drop In Q1 Airline Profits
Anna Kroupina, Open Jaw
Net post-tax airline profits have suffered a downturn in the first quarter of 2019 compared to a year ago, found a report by The International Air Transport Association (IATA).
At the regional level, the performance is mixed, with an improvement in Asia-Pacific and North America, while Europe and Latin America suffer negative bottom-line figures.
IATA says that concerns surrounding airline profitability come as a result of the rising threats of Brexit and trade wars between the U.S. and China.
Additionally, oil and jet fuel prices suffered a sharp decrease at the end of MAY, owing to concerns over slowing global growth.
In overall passenger figures, industry-wide revenue passenger kilometers (RPKs) rose to 4.3% in APR, a 1.2% increase on MAR figures.
While global base fare passenger yields continued to decline in MAR, premium cabin yields edged up.
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.