Loading
5-Jul-2012 11:41 AM

IATA: Airline profits down in 1Q2012, European airlines losses widen

IATA released (04-Jul-2012) its May/Jun-2012 Airlines Financial Health Monitor with the following update on global airline financials for the three months ended 31-Mar-2012:

  • Operating profit (loss): USD1260 million, -50.7% year-on-year;
  • Net profit (loss): (USD1012 million), compared to a profit of USD17 million in p-c-p;
    • North America: USD518 million*, compared to a loss of USD5 million in p-c-p;
    • Asia Pacific: (USD231 million), compared to a profit of USD791 million in p-c-p;
    • Europe: (USD1710 million), compared to a loss of USD1680 million in p-c-p;
    • Latin America: USD216 million, -38.1%;
    • Middle East: USD195 million, -65.3%. [more – original PR]

*Excludes AMR reorganisation items totalling USD1.4 billion

IATA: “Q1 airline profit fell significantly compared to a year ago. Although the industry struggled, with 55 airlines indicating a combined net loss of USD1.0 billion, North American airlines performed strongly. Airlines in the region have been able to maintain high load factors throughout the year, and as a result managed to improve their profit position significantly on a year ago. European airlines, conversely, are experiencing even larger losses than in Q1 2011.” Source: Company statement, 04-Jul-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