IATA released its February report of the Airlines Financial Monitor.
Worldwide airline share prices fell 3% in February as crude oil prices rebounded from January lows.
After falling more than 50% by the end of 2014, crude oil prices have rebounded to $60/bbl.
Q4 financial results show continued gains in the US and signs of a positive turn-around in Asia Pacific.
Passenger yields in the US resume sideways trend as fares in other regions fall further.
Air transport volumes weakened in January, but within normal month-to-month volatility.
Notably, though, the demand backdrop continues to show presence of downside risks, including easing business confidence and falling exports orders.
Growth in available seats decelerated in January, but still expanded at a positive 2-3% annualized rate, in excess of the contraction in volumes.
Passenger and freight loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity.