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IATA forecasts industry net profit to fall from USD7.9 billion to USD3 billion in 2012

12-Jun-2012 11:56 AM

IATA released (11-Jun-2012) its airline industry financial forecast for 2012. IATA’s forecast for airline industry profits is unchanged from the previous forecast. Net post-tax profits for the whole industry are expected to fall from USD7.9 billion in 2011 to USD3 billion in 2012, just 0.5% of revenues. Details include:

  • 2012 forecast:
    • Revenue: USD631 billion, +5.7% year-on-year;
      • Passenger: USD498 billion, +6.4%;
      • Cargo: USD70 billion, +1.4%;
    • Scheduled passenger numbers: 2966 million, +4.6%;
    • Cargo volume: 47.8 million tonnes, +0.2%;
    • Cost: USD623 billion, +7.4%;
    • Fuel: USD207 billion, +17.6%;
    • Operating profit: USD8.6 billion, -50%;
    • Net profit: USD3 billion, -62.0%.