IATA: North America carriers profits improve, Europe remains in the red. Asia and Latin America down
IATA released (03-May-2012) its Apr-2012 Airlines Financial Health Monitor with the following updated financial highlights for the global airline industry for three months ended 31-Mar-2012:
- Operating profit (loss): USD2312 million, -10.7% year-on-year;
- North America: USD2208 million, +18.6%;
- Asia Pacific: USD120 million, -83.8%;
- Europe: (USD50 million), compared to a loss of USD58 million in p-c-p;
- Latin America: USD34 million, -19.0%;
- Net profit (loss): USD1214 million, +61.0%;
- North America*: 1085 million, +530.8%;
- Asia Pacific: USD168 million, -72.5%;
- Europe: (USD49 million), compared to a loss of USD68 million in p-c-p;
- Latin America: USD10 million, -74.4%. [more - original PR]
*Excludes AMR reorganisation items, totalling USD1.4billion
IATA: "Initial results for Q1 show strong performance by US airlines, contributing to a significant improvement for the industry overall compared to Q1 2011. The small sample of 17 airlines indicates net profits are 60% higher compared to a year ago. But performance is not positive across all regions. The initial results indicate losses for European airlines, to a lesser degree however than in Q1 2011, and significant decline from a year ago for Asia-Pacific and Latin American airlines," Company statement, 03-May-2012.