Monday, October 13, 2025
25.2 C
Lagos

Global Airlines Financial Monitor: October 2016

  • The initial financial results from Q3 2016 point to another solid quarter for industry profitability and cash flow, although they add to earlier signs that the industry profitability cycle may have peaked;
  • Global airline share prices rose by 3.6% in October, but have underperformed the wider equity market this year;
  • Brent crude oil prices reached a 15-month high during October, but have fallen back so far in November. The oil market is slowly rebalancing, and prices are expected to trend upwards gradually over the coming years;
  • There have been further signs that the intense downward pressure on passenger yields eased during the middle part of 2016, in keeping with the change in the trend of oil prices;
  • The premium segment remains an important buffer for airline financial performance. Premium airfares have held up better than those in economy on many of the most important premium routes so far this year;
  • Developments in passenger traffic continue to reflect the net influence of a number of factors. Traffic was resilient in September, and the seasonally-adjusted industry-wide load factor increased to a nine-month high;
  • The upward trend in air freight volumes has accelerated in recent months, helped in part by one-off factors. Nonetheless, the load factor remains at a historically low level, and wider weakness of world trade is still a concern.
spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Supports UAC on Acquisition of CHI with Investment Banking Solution

Stanbic IBTC Holdings Plc proudly supported UAC of Nigeria...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Unity Bank MD Celebrates Resilient Frontline Staff, Reaffirms Commitment to Customer Service Excellence

The Managing Director/Chief Executive Officer of Unity Bank Plc,...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Stanbic IBTC Bank Hosts Strategic Forum to Arm Clients with Economic Clarity

Stanbic IBTC Bank has taken a significant step in...

Topics

Lufthansa Group, Air China in Strategic Partnership

Lufthansa Group and Air China signed a partnership agreement...

Nigeria: Smartphone Market Grew 2% Units, Declined 6.4% in Shipment

        Nigeria's smartphone market grew 2.0% in unit terms quarter...

Raenest Secures $11m Series A Investment in QED-Led Funding Round

Raenest, the global multi-currency accounts platform for individuals and...

The Case for Re-authorization of US Ex-Im Bank

The charter which authorized the existence of Export –...

China 2012: The Emerging Largest Smartphone Market on Earth

China is set to become the world’s largest smartphone...

NGX Group Reports 157.3% Surge in Profit Before Tax to N13.6bn in 2024

The Nigerian Exchange Group Plc (NGX Group) has announced...

Ford Claims Title for World’s Largest Billboard Certified by GUINNESS WORLD RECORDS

Ford is now the official GUINNESS WORLD RECORDS title-holder...

CTO Unveils Plan of Action to Promote ICTs for Dev

The Secretary-General of the Commonwealth Telecommunications Organisation (CTO), Mr....
spot_img

Related Articles

Popular Categories

spot_imgspot_img