12-Nov-2012 1:40 PM

AAPA: Airline profits are just USD1 per passenger

Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman said (09-Nov-2012) airlines will make a profit of just USD1 per passenger in 2012, with an industry profit margin of less than 1% and overall industry profits of just USD4 billion. Industry margins have been "relentlessly squeezed by high oil prices". Mr Herdman said the past 12 months has proven to be pivotal for the entire industry, with enterprising Asia Pacific carriers at the forefront of major developments and a new competitive landscape that provides consumers with a vast array of new travel options. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More