European airlines remain in the red in 4Q2010
IATA released (07-Mar-2011) its Airlines Financial Monitor for Feb-2011 which provided the following updated financial highlights for the global airline industry for the three months ended 31-Dec-2010*:
- Operating profit: USD4988 million, +166% year-on-year;
- Net profit (loss): USD696 million, compared with a loss of USD320 million in p-c-p;
IATA: “The improvement of airline profits slowed in Q4 of last year. The USD3 billion improvement at the net post-tax level (even less for EBIT), reported by the 46 airlines in our sample, compares to a USD9 billion improvement in Q3,” IATA statement. Source: IATA, 07-Mar-2011.