IATA reports airline losses reached USD2 billion in 2Q2009

IATA reports (01-Sep-2009) the following airline* financial updates for the three months ended 30-Jun-2009:

• Operating profit (loss): (USD468 million, n/a year-on-year;
  • North America: USD1,018 million;
  • Europe: (USD788 million);
  • Asia Pacific: (723 million);
  • Latin America: USD31 million;
  • Middle East: (USD6 million);
• Net profit (loss): (USD2,021 million);
  • North America: (USD134 million);
  • Europe: (USD1,101 million);
  • Asia Pacific: (USD1,290 million);
  • Latin America: USD485 million;
  • Middle East: USD20 million. [more]
• *Does not include EVA Air, Thai Airways, Jazeera Airways and Royal Jordanian operating profits, but includes Air China and China Eastern 1H2009 results.