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European airlines remain in the red in 4Q2010

8-Mar-2011 11:17 AM

IATA released (07-Mar-2011) its Airlines Financial Monitor for Feb-2011 which provided the following updated financial highlights for the global airline industry for the three months ended 31-Dec-2010*:

  • Operating profit: USD4988 million, +166% year-on-year;
  • Net profit (loss): USD696 million, compared with a loss of USD320 million in p-c-p;
    • North America: USD87 million, compared with a loss of USD263 million in p-c-p;
    • Asia Pacific: USD975 million, +232%;
    • Europe: (USD745 million), compared with a loss of USD808 million in p-c-p;
    • Latin America: USD353 million, -20.0%;
    • Other: USD27 million, +68.8%. [more]

* 4Q2010 operating results does not include Iberia, Jazeera Airways, Royal Jordanian and Ryanair

IATA: “The improvement of airline profits slowed in Q4 of last year. The USD3 billion improvement at the net post-tax level (even less for EBIT), reported by the 46 airlines in our sample, compares to a USD9 billion improvement in Q3,” IATA statement. Source: IATA, 07-Mar-2011.