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%;
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.