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Global airlines stock value drops in October: IATA

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Updated 09 November 2021

Arab News

November 09, 2021 19:49

Global airlines stock value drops in October: IATA

Updated 09 November 2021

Arab News

November 09, 2021 19:49

CAIRO: Global airlines’ share price witnessed a decline of 7.2 percent in October, compared to September, as concerns about rising jet fuel prices increase, the International Air Transport Association (IATA) reported in its latest Airlines Financial Monitor.

Jet fuel prices increased by 70 percent in early November, compared to the start of the year, amidst the recovery of economic activity worldwide.

Despite the cost pressure, Q3 financial results showed a decline in financial losses compared to Q2, due to higher passenger traffic, as COVID-19 restrictions are easing.