IATA released (29-Nov-2010) its Airlines Financial Health Monitor for Oct/Nov-2010, which provided the following airline financial updates for the three months ended 30-Sep-2010:
- Operating profit: USD13576 million, +502.8% year-on-year;
- Net profit: USD9746 million, +1041%;
IATA: “The improvement in operating profits in Q3 compared with last year was a very strong USD11.3 billion; the extent of the achievement is put into sharper relief when we compare it with the Q3 peak of 2007. 2010 Q3 operating profit is some USD2.9 billion higher than in 2007Q3. Whilst the US airlines have matched their Q1-Q3 2007 operating result the Asia Pacific airlines have more than doubled operating profits to USD7.4 billion,” IATA statement. Source: IATA, 29-Nov-2010.