IATA: ASK growth slows in Sep-2013, AFTKs contract for first time in six months

IATA released (05-Nov-2013) its Airlines Financial Monitor for Sep/Oct-2013. The association highlighted the following key points:

• Worldwide airline shares rose 5% in Oct-2013 compared to Sep-2013, slightly outperforming the market as jet fuel prices stabilised. US airline shares continue to rise strongly on better financial performance, the opposite is true for Asia Pacific, reflecting declines in financial performance so far this year;
• Initial 3Q2013 financial results suggest continued improvement, dominated by airlines in North America where there were increases in both operating and net profits, showing the benefits of restructuring and consolidation;
• Jet fuel prices were stable in Oct-2013, averaging USD125 per barrel, as rising Saudi crude oil production offset upward price pressures from supply disruptions and growing demand;
• Air transport volumes moderated in Sep-2013 compared to Aug-2013, with no rise in global RPKs. Air travel growth remains solid compared to a year ago and air freight demand indicators suggest scope for improvement ahead, following the slow and steady increase since Apr-2013;
• Capacity growth stabilised in Oct-2013, as new aircraft deliveries and net storage activity remained unchanged;
• Passenger load factors slipped on international markets, but air freight loads showed some improvement from the
  moderation in capacity growth, although levels are still low and down on a year ago;
• Passenger yields are up on a year ago in the US but show weakness globally due to declines in the Asia-Pacific. [more - original PR]