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Airlines profitability improves in 3Q2010: IATA

5-Jan-2011 10:25 AM

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;
  • 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.