L'IATA, l'Association internationale du transport aérien a publié son "Airlines Financial Monitor" pour le mois de novembre 2011 et observe une sévère baisse des valeurs des compagnies aériennes en 2011.
Points clés :
Airline share prices down 40% this year, on market pessimism about future prospects ;
But ‘backward-looking’ third quarter airline EBIT of $12 billion shows a reasonable performance so far ;
Jet fuel prices were back up above $130/b, despite economic gloom, as the supply squeeze persists ;
Air freight markets are in clear decline, as business confidence falls, but air travel is still trending higher ;
Asset utilization has been kept high in passenger markets, so far, but has fallen sharply in freight markets ;
Also helping profitability was a stabilization of breakeven passenger load factors, by rising yields and nonfuel cost efficiencies. But the environment over the next few quarters looks much more challenging.