Airlines are slowly improving their finances
Initial results for the second quarter of 2021 show that the net losses of airlines at the aggregate level decreased compared to the first quarter of 2021
According to the report published by IATA, the initial results of the second quarter of 2021 show that the net losses of the airlines at the aggregate level decreased compared to the first quarter of 2021.
The finances of North American airlines showed a significant improvement amid the rebound in domestic travel in the US.
The global airline stock price index rose in August following the FDA approval of COVID-19 vaccines in the United States.
However, the annual performance to date of the Global Airline Stock Index is still lagging in the broader global equity markets.
Prices for Brent crude oil and jet fuel fell in August amid concerns that further Delta outbreaks and the outcome. The restrictions will affect oil demand and slow the global economic recovery.
Concerns about the rapid spread of the Delta variant of COVID-19 resulted in a sharp drop in airline stock prices in early August. However,
the FDA approval of several COVID-19 vaccines in the United States and the decline in cases in China brought some optimism later in the month. As a result, airline stock prices increased in North America and Asia-Pacific in August compared to the previous month.