IATA airlines finanacial monitor Aug/Sep 2009

Equity investors boost airline stocks but airlines add a further $3.5bn to cash cushion, second quarter results diverge between Americas and airlines in Asia and Europe, jet prices average $76/b in Q3, up $10/b from second quarter levels, travel and freight volumes rise strongly in Q3 but will the pace of improvement last?, capacity was kept flat throughout this year but upside risks in months ahead, passenger load factors improve sharply but aircraft utilisation is very low, freight load factors also improving but still low, deliveries of new aircraft slow in August but more taken out of storage, fares and yields beginning to stabilise but remain around 20% down on last year.