KUALA LUMPUR, April 24 — Airline profit expectations remain strong and broadly in line with levels seen over the past year, the International Air Transport Association (IATA) said.
In its Airline Business Confidence Index quarterly survey of airline Chief Financial Officers (CFOs) and heads of cargo in April, respondents expressed confidence that air transport volumes will continue to expand over the next 12 months, supporting an improved outlook for passenger yields.
“Seventy-six per cent of respondents, or the majority, expect passenger travel to expand over the year ahead, at a faster pace than in the January survey.
“Passenger yields are expected to increase slightly over the year ahead, improving on the January survey as the outlook for air travel growth picks up,” it said in a statement today.
On input costs, it said respondents expect the declining trend to continue over the next 12 months.
The input costs are reported to have declined during the first quarter of the year, mostly as a result of cost cutting measures, it added. — Bernama
