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AAPA airlines report USD4.8b net profit in 2011, outperforms industry

3-May-2012 12:02 PM

Association of Asia Pacific Airlines (AAPA) announced (02-May-2012) Asia Pacific-based airlines reported a combined net profit of USD4.8 billion in  2011, a 47% year-on-year decline, due to a surge in oil prices and a weak cargo market. Details include:

  • Total revenue: USD162 billion, +10% year-on-year;
    • Passenger: 121 billion, +15%;
    • Cargo: 22 billion, -1.4%;
  • Operating costs: USD155 billion, +15%;
    • Fuel: 52 billion, +28%;
  • Net profit: USD4.8 billion, -47%;
  • International passenger traffic (RPKs): +3.7%;
  • International cargo traffic (FTKs): -4.8%. [more – original PR]

AAPA: “Airlines around the world are still facing a number of significant challenges in 2012, including the effects of persistently high oil prices, and slower economic growth in the major developed markets. So far this year, Asian airlines have continued to benefit from stronger economic growth within the region, seeing further growth in international passenger numbers, but air cargo markets remain weak, with the result that operating margins remain under pressure. Airlines are responding by carefully matching capacity to changes in demand, and maintaining strict cost controls throughout the business,” Andrew Herdman, director general. Source: AAPA, 02-May-2012.