GENEVA (Xinhua) – Financial results from 2018’s third quarter (Q3) indicated that a further squeeze on airline profit margins due to higher input costs last year, the International Air Transport Association (IATA) said in its December 2018 Airlines Financial Monitor on Friday.
Free cash flow generation also declined moderately in the quarter.
Equity markets have been volatile in recent months, said IATA, noting that global airline share prices fell by almost 10 per cent in December 2018.
This fall offset the similarly sized increase observed in November last year as market sentiment on airlines moved with oil prices and recession risk.
