Global airline stocks fall 4% in Sept
Worries over weak Europe, China economic data and Ebola cited; but shares still up 11% for first nine months
Singapore
AIRLINE share prices worldwide slid 4 per cent month-on-month in September, with Asian and North American airline counters suffering the biggest falls, as investors reacted to weak economic data out of Europe and China as well as concerns over the Ebola virus. But airline counters worldwide are still up 11 per cent for the nine months spanning January to September, according to the latest financial monitor by the International Air Transport Association (Iata).
The report highlighted that most regions generally reported a better 2Q14 financial performance vis-a-vis the same quarter last year, led by North American carriers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
Shell exits China power market businesses