Loading
6-Jan-2012 11:15 AM

Airline profits hold up in 3Q2011, outlook negative: IATA

IATA released (05-Jan-2012) its Dec-2011 Airlines Financial Health Monitor which provided the following updated airline financial highlights for the three months ended 30-Sep-2011:

IATA: “Although profits have declined over the year, airlines have done quite well in Q3, with a sample of 61 carriers reporting USD5 billion in net profits. While operating profits were down over the year, the decline was contained to 20%. Regions such as Europe, with weak economic performance, limited their Q3 profit contraction to 5%, year-on-year. Nevertheless, the results are backward looking, and markets are still indicating a negative outlook for airlines.” IATA statement. Source: IATA, 05-Jan-2012.

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