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IATA: Airlines Financial Monitor – December 2014

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Worldwide airline share prices rose 4% in December and are up 40% for the year, helped by the decline in crude oil and jet fuel prices over recent months;

•Crude oil prices halved by the end of 2014 and have fallen a further 17% in January, reflecting the appreciation of the US dollar as well as continued growth in supply;

•Q3 financial results show improvements in the US being partially offset by weakness in other regions;

•US passenger yields remain up on a year ago, but weakness continues in other regions;

•Air freight volumes continue to expand and the trend in air travel growth remains positive, supported by improving economic conditions in the US and strong trade growth in Asia Pacific;

•Growth in available seats accelerated in November, but is still below the pace of growth in demand, which should support aircraft utilization rates;

•Passenger load factors trended sideways in November, but air freight load factors continue to show steady improvement, supported by solid expansion in volumes.

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