(Posted 19th January 2022)
Airlines Financial Monitor
December 2021 – January 2022
IATA is pleased to share herewith the December 2021 to January 2022 report of the Airlines Financial Monitor.
The latest financial results confirm that the pressure on the industry’s operating profitability eased in Q3 2021. In the sample of 87 airlines, the operating loss – improved from 13.6% of revenues in Q2 to 2.6% in Q3.
The Global airline share price index picked up in January 2022 amid investors’ confidence that Omicron-related disruptions might have a smaller impact on the travel industry than previously expected. Nevertheless, the index remains 30% below pre-crisis levels.
Jet fuel prices also rebounded from the Omicron-related dip in December and are currently at the highest level since late-2018. The elevated price is adding extra pressure on airlines’ operating costs just at the time when travel demand is being hit by renewed travel restrictions.