IATA forecasts industry net profit to fall from USD7.9 billion to USD3 billion in 2012

IATA released (11-Jun-2012) its airline industry financial forecast for 2012. IATA's forecast for airline industry profits is unchanged from the previous forecast. Net post-tax profits for the whole industry are expected to fall from USD7.9 billion in 2011 to USD3 billion in 2012, just 0.5% of revenues. Details include:

• 2012 forecast:
  • Revenue: USD631 billion, +5.7% year-on-year;
    • Passenger: USD498 billion, +6.4%;
    • Cargo: USD70 billion, +1.4%;
  • Scheduled passenger numbers: 2966 million, +4.6%;
  • Cargo volume: 47.8 million tonnes, +0.2%;
  • Cost: USD623 billion, +7.4%;
  • Fuel: USD207 billion, +17.6%;
  • Operating profit: USD8.6 billion, -50%;
  • Net profit: USD3 billion, -62.0%.
    • North America: USD1.4 billion, +7.7%;
    • Europe: (USD1.1 billion), compared to a profit of USD0.5 billion in p-c-p;
    • Asia Pacific: USD2.0 billion, -59.2%;
    • Middle East: USD0.4 billion, -60%;
    • Latin America: USD0.4 billion, +33.3%;
    • Africa: (USD0.1 billion), compared to breakeven in p-c-p. [more - original PR]