Asia Pacific airlines double operating profit in 3Q: IATA

IATA released (29-Nov-2010) its Airlines Financial Health Monitor for Oct/Nov-2010, which provided the following airline financial updates for the three months ended 30-Sep-2010:

• Operating profit: USD13576 million, +502.8% year-on-year;
  • North America: USD3428 million, +351.6%;
  • Asia Pacific: USD4236 million, compared with a profit of USD28 million in p-c-p;
  • Europe: USD4117 million, +332.5%;
  • Latin America: USD740 million, +191.1%;
  • Other: USD1055 million, +307.3%;
• Net profit: USD9746 million, +1041%;
  • North America: USD2332 million, compared with a loss of USD410 million in p-c-p;
  • Asia Pacific: USD3428 million, compared with a loss of USD1 million in p-c-p;
  • Europe: USD2308 million, +235.0%;
  • Latin America: USD670 million, +106.2%;
  • Other: USD1008 million, +301.6%. [more]

IATA: "The improvement in operating profits in Q3 compared with last year was a very strong USD11.3 billion; the extent of the achievement is put into sharper relief when we compare it with the Q3 peak of 2007. 2010 Q3 operating profit is some USD2.9 billion higher than in 2007Q3. Whilst the US airlines have matched their Q1-Q3 2007 operating result the Asia Pacific airlines have more than doubled operating profits to USD7.4 billion," IATA statement. Source: IATA, 29-Nov-2010.