Record profits in 2010 for Asia Pacific airlines; long-term prospects remain ‘very positive’: AAPA

Asia Pacific-based airlines reported record earnings in 2010, with a record USD9.5 billion net profit, a major turn-around from USD1.7 billion in net losses suffered in the previous year, according to Association of Asia Pacific Airlines figures. The strong results were underpinned by a resurgence of air travel and airfreight demand, and operating efficiencies including record high load factors.