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IATA: North American carriers lead in 4Q2011 profits

3-Feb-2012 10:29 AM

IATA released (02-Feb-2012) its Jan-2012 Airlines Financial Health Monitor which provides the following global airline financial updates for the three months ended 31-Dec-2011:

  • Operating profit: USD3015 million, -33.6% year-on-year;
  • Net profit: USD771 million, -55.9%;
    • North America: USD349 million, +206.1%;
    • Asia Pacific: USD272 million, -76.7%;
    • Europe: USD68 million, -22.7%;
    • Latin America: USD53 million, -85.2%;
    • Middle East: USD29 million, +45.0%. [more – Original PR]

IATA: “Compared to Q4 2010 net profits have contracted by 55% for the industry overall. This continues the squeeze that started in Q4 2010, as a result of slowing demand and high fuel prices. By contrast, North American airlines, which managed to maintain strong yields and load factors, had good Q4 performance – more than doubling profits compared to the same period in 2010,” IATA statement. Source: IATA, 02-Feb-2012.