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Rising fuel costs cast a pall over easing profit pressures

Rising fuel costs are casting a shadow over the airline industry’s recovery despite figures showing the pressure on global airline profitability eased in the third quarter.

The latest Airlines Financial Monitor from the International Air Transport Association shows aggregated airline financial losses in Q3 diminished compared to the previous quarter with some carriers reporting their first profitable quarter since the start of the COVID-19 crisis.

A sample of 27 airlines indicated the industry-wide earnings before interest and tax (EBIT) margin improved to minus 2 percent of revenues in the third quarter, driven by passenger recovery on some domestic and short-haul routes.

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Source:: AirlineRatings.Com

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