5-Jan-2011 10:25 AM
Airlines profitability improves in 3Q2010: IATA
IATA released (04-Jan-2011) its Dec-2010 Airlines Financial Monitor which showed airlines operating profitability increased by more than USD11 billion in 3Q2010 with European airlines now also benefitting. Details include:
- Operating profit*: USD14.3 billion, +432.9% year-on-year;
- North America: USD3.5 billion, +346%;
- Asia Pacific: USD4.3 billion, +6281%;
- Europe: USD4.7 billion, +270%;
- Latin America: USD740 million, +191%;
- Other: USD1.1 billion +252%;
- Net profit: USD10.5 billion, +869%;
- North America: USD2.3 billion, compared with a loss of USD408 million in p-c-p;
- Asia Pacific: USD3.6 billion, compared with a loss of USD49 million in p-c-p;
- Europe: USD2.8 billion, +210%;
- Latin America: USD670 million, +106%;
- Other: USD1.1 billion, +243%. [more]
*3Q2010 operating results exclude AirAsia, Austrian Airlines and Jazeera
IATA: "Airlines across the regions are reporting improved results. European airline results picked up dramatically, although this follows a similar pattern to last year and points to the higher seasonal traffic variation in the region," IATA statement. Source: IATA, 04-Jan-2011.