Johannesburg - The Air Transport Association (Iata) says passenger travel continued
to expand in May, but air freight volumes remained flat.
A spokesperson for Iata said in the June report of the
Airlines Financial Monitor released in Johannesburg that passenger numbers had stabilised
in local currency terms.
Airline share prices declined in June (as did the broader
market), but were up 8% so far this year.
Financial results in the first quarter showed operating
profits were continuing to improve across all regions.
The report went on to say that jet fuel prices remained at
the bottom of a two-year range in June as oil supply increases outstrip growth in
demand.Signs of eurozone stability should ease pressure on global
growth and support growth in air travel/freight for the remainder of the year.
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