Airlines bounce back to profitability in 2Q2010: IATA

IATA released (30-Aug-2010) its Jul-Aug-2010 Airlines Financial Health Monitor, which provided the following airline financial updates** for the three months ended 30-Jun-2010:

• Operating profit: USD6,866 million, compared with a loss of USD518 million in p-c-p;
  • North America: USD3,783 million, +688%;
  • Asia Pacific: USD2,576 million, compared with a loss of USD617 million in p-c-p;
  • Europe*: USD309 million, compared with a loss of USD415 million in p-c-p;
  • Latin America: USD163 million, +207%;
  • Other: USD35 million, compared with a loss of USD19 million in p-c-p;
• Net profit: USD3,893 million, compared with a loss of USD881 million in p-c-p;
  • North America: USD1,740 million, compared with a loss of USD514 million in p-c-p;
  • Asia Pacific: USD1,157 million, compared with a loss of USD322 million in p-c-p;
  • Europe*: USD1,016 million, compared with a loss of USD548 million in p-c-p;
  • Latin America: (USD36 million), compared with a profit of USD509 million in p-c-p;
  • Other: USD16 million, compared with a loss of USD6 million in p-c-p. [more]

*Including Amadeus asset sales gains of USD1,272
**Excludes 2Q2010 operating results for EVA Air, Vueling Airlines, Kuban Airlines and Kuwait Airways and 2Q2009 operating results for SpiceJet.