Business

Worldwide airline shares down in March-April, says IATA

Worldwide airline share prices slipped by 1% in April compared to March but there has been significant variation among regions.

Shares of Asia Pacific airlines registered the biggest drop of 4% due to the weakness in financial performance, the International Air Transport Association (IATA) said in a statement today.

Based on its Airline Financial Monitor report, the Geneva-based organisation said airlines in the Asia Pacific continued to show weakness in the first quarter of this year.

"Carriers in this region are seeing declines at the operating and net level, largely reflecting weakness in cargo demand," it said.

IATA also said growth trends in air transport have slowed alongside a pause in demand improvements, consistent with recent flattening in business confidence and world trade.

However, it said indicators suggested the global economic upturn was sustainable and should provide support for air transport growth ahead. – Bernama, May 9, 2014.

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