IATA forecasts industry net profit to rise to USD10.6bn in 2013

IATA released (20-Mar-2013) its airline industry forecast for 2013. IATA upgraded projection for the airline industry net post-tax profits in 2013 to USD10.6 billion, up from USD8.4 billion in December. Details of 2013 forecast include:

• 2013 forecast:
  • Revenue: USD671 billion, +5.2% year-on-year;
    • Passenger: USD539 billion, +5.9%;
    • Cargo: USD68 billion, +3.0%;
  • Scheduled passenger numbers: 3128 million, +5.2%;
  • Cargo volume: 47.7 million tonnes, +2.6%;
  • Cost: USD649 billion, +4.2%;
    • Fuel: USD216 billion, +3.3%;
  • Operating profit: USD22.3 billion, +49.7%;
  • Net profit: USD10.6 billion, +39.5%;
    • North America: USD3.6 billion, +56.5%;
    • Europe: USD0.8 billion, +166.7%;
    • Asia Pacific: USD4.2 billion, 7.7%;
    • Middle East: USD1.4 billion, +55.6%;
    • Latin America: USD0.6 billion, +100%;
    • Africa: USD0.1 billion, compared to a loss of USD0.1 billion in p-c-p. [more - original PR]