Airlines see leap in share prices
Global airline share prices are up 20% year on year following a further 7.8% rise last month, according to international airline body IATA.
European carriers saw the biggest rise of 14%, although gains were seen in all three global regions.
IATA said prices were up despite a squeeze on airline profit margins due to higher costs and weak yields in May.
Passenger growth continued and load factors reached a record high during the month, although yields remained 3% to 5% lower than a year ago.
Jet fuel prices continued to fall in May, when they were down by 5.6% for the month overall.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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