Airlines Financial Monitor – October 2021

Source: IATA

Key points:

• Initial Q3 financial results indicate that pressure on airlines’ profitability eased further compared with Q2 as passenger traffic restarted on some domestic and short-haul routes with the reopening of markets.
• Global airline share price index ticked down in October, reflecting investors’ concerns about the impact of rising jet fuel prices on airlines’ financial recovery. The performance gap between wider equity markets and airline stocks widened.
• The jet fuel price continued to trend upwards in recent weeks as economic activity restarts around the world and supply remains tight. As of early November, jet fuel price was 70% higher vs. the start of the year.