Airline shares underperform by 10% as oil prices surge
IATA, in its Jan/Feb-2011 Airlines Finance Monitor, stated airline equity prices worldwide, as measured by the Bloomberg global airlines index, have lost 6% so far this year. This compares with a 4% gain in the FTSE Global All-Cap Index. This follows a strong outperformance by airline stocks during 2010, when the global airlines index rose 28%.
