Sunday, September 28, 2025
28.7 C
Lagos

Global Airlines Financial Monitor: September 2016

  • The latest financial results indicate that industry profitability and cash flow remained solid in Q2 2016, although the industry profitability cycle is showing signs of peaking;
  • Global airline share prices rose by 0.9% in September, but remain well below where they started the year;
  • Brent crude oil prices rallied towards the end of September following an agreement by OPEC to cut oil output. A rebalancing in the market is slowly taking place, with prices expected to trend upwards weakly in the years ahead;
  • The intense downward pressure on passenger yields looks to have eased during the middle months of 2016, in keeping with the change in the trend of oil prices;
  • The premium segment continues to offer a buffer for overall airline financial performance. Premium airfares have held up better than those in economy on many of the main premium routes so far this year;
  • Developments in passenger traffic continue to reflect the net influence of a number of factors. The upward trend in traffic has eased, but the seasonally-adjusted industry-wide load factor remains at historically high levels;
  • Conditions for air freight have improved from earlier in the year, but wider weakness in world trade volumes continues to present a stiff headwind. Low loads continue to keep cargo yields and revenues under pressure
spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Access Bank Hits over N1bn in Digital Lending Daily

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and...

Etihad Airways Reports $5.62bn Losses in 4 Years

Etihad Airways, the national airline of Abu Dhabi, UAE...

Sovereign Trust Insurance at NCRIB Members’ Evening

L-R: Barrister Rotimi Edu, Chairman, Quicklink Insurance Brokers Limited,...

How Uber is Localising Taxi Solution in sub-Saharan Africa

Taxi-hailing app Uber entered sub-Saharan Africa four years ago...

4 Innovative Ways Tech Startups Can Compete for Talent

In today’s competitive job market, companies are having to...

NASENI EVC to Ensure Tech Transfer, Commercialisation of Innovation

Mr. Khalil Halilu The Executive Vice Chairman /CEO National Agency for...

Leveraging Technology in the Wake of Coronavirus

While the novel coronavirus brought about physical confinement of...

Business Leaders, Experts Meet to Discuss Economic Reforms Oct 12

Business leaders from various sectors will meet in Lagos...
spot_img

Related Articles

Popular Categories

spot_imgspot_img