Airline shares strengthen; profit recovery in 3Q; fare and yield recovery stalls: IATA

IATA, in its September-October Airlines Financial Monitor, stated airline share prices are “still on the way up” with the “second leg of the share price recovery well underway” reaching a level twice 2009’s lows. IATA added that it expects a widespread recovery in profits in 3Q2010 although yields and fare growth are now stalling.

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