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AAPA airlines report return to profitability in 2010

4-May-2011 12:01 PM

Association of Asia Pacific Airlines (AAPA) announced (03-May-2011) its Asia Pacific-based member airlines reported a record net profit of USD9.5 billion in 2010, compared with a loss of USD1.7 billion in 2009. Details include:

  • Revenue: USD147 billion, +30% year-on-year;
    • Passengers: USD106 billion, +26%;
    • Cargo: USD22 billion, +52%;
  • Operating costs: USD134 billion, +18%;
    • Fuel: USD43 billion, +28%;
    • Labour: +12%;
  • Net profit: USD9.5 billion, compared with a loss of USD1.7 billion in p-c-p. [more]

AAPA: "Buoyed by a firm recovery in premium business travel and a very strong rebound in demand for air freight, Asia Pacific carriers saw a welcome return to profitability in 2010, after two years of heavy losses. The medium and long-term prospects for Asia Pacific aviation remain very positive, but the immediate outlook is somewhat clouded by the sharp increase in oil prices this year, which may dampen the global economic recovery. The lingering effects of the Japanese earthquake are also still evident, although there are some early signs of a recovery in demand for travel to and from Japan,” Andrew Herdman, Director General. Source: AAPA, 03-May-2011.