Airline profitability and yield outlook at its lowest since 2009: IATA

IATA released (19-Oct-2011) its Oct-2011 airline business confidence index, which showed airline confidence fell with expectations for profitability over the next 12 months down to levels last seen in 1H2009. According to IATA, this low level of confidence has in the past been consistent with the industry performing a little better than breakeven. Meanwhile, yield expectations have also declined, with 45% of those surveyed expect cargo yields to fall and airline confidence in passenger yield now at their lowest since early 2009. [more - original PR]