Airline Finance News.
For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 25, 2006Airlines are benefiting from both cheaper fuel and rising yield in most regions. Latin America yield climbed 8.1% to 13.07 cents, the best annual improvement so far this year, while Pacific yield rose 11.8% to 12.30 cents, also the highest monthly increase recorded in 2006. Transatlantic markets are underperforming the overall market, however; Atlantic yield grew just 3.8% to 11.82 cents, although this was up from the 3.3% hike in July. Sep 22, 2006
Oil's decline sends airline shares higher. A large drop in the price of oil has sent shares of airlines higher in the past six weeks. The Amex airline index is up 16% since August. The cost of a barrel of crude closed at $60.46 on Wednesday, down from $77 in August. Prices rebounded slightly Thursday in Asian trading. Sep 21, 2006
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| Publication: | Airguide Online |
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| Date: | Sep 25, 2006 |
| Words: | 163 |
| Previous Article: | Airline Finance News - North America. |
| Next Article: | Airport News - Asia / Pacific. |
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