May airline share prices up 5%, outdoing others

Singapore

GLOBAL airline share prices gained 5 per cent month on month in May, outperforming the broader market which rose 2 per cent.

However, this growth was largely underpinned by the US carriers, which registered a 10 per cent jump in share price while shares in Asia-Pacific airlines were stable but slightly higher than April.

This trend was mirrored in Q1 2014 financial results, according to the latest financial monitor from the International Air Transport Association (Iata).

A sample of 13 North American carriers posted a net profit of US$91 million, swinging into the black from a loss of US$715 m…