5-Jan-2011 10:25 AM

Airlines profitability improves in 3Q2010: IATA

IATA released (04-Jan-2011) its Dec-2010 Airlines Financial Monitor which showed airlines operating profitability increased by more than USD11 billion in 3Q2010 with European airlines now also benefitting. Details include:

  • Operating profit*: USD14.3 billion, +432.9% year-on-year;
  • Net profit: USD10.5 billion, +869%;
    • North America: USD2.3 billion, compared with a loss of USD408 million in p-c-p;
    • Asia Pacific: USD3.6 billion, compared with a loss of USD49 million in p-c-p;
    • Europe: USD2.8 billion, +210%;
    • Latin America: USD670 million, +106%;
    • Other: USD1.1 billion, +243%. [more]

*3Q2010 operating results exclude AirAsia, Austrian Airlines and Jazeera

IATA: “Airlines across the regions are reporting improved results.  European airline results picked up dramatically, although this follows a similar pattern to last year and points to the higher seasonal traffic variation in the region,” IATA statement. Source: IATA, 04-Jan-2011.

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