IATA: Global airlines record USD60m operating profit in 2015, North America accounts for 60%

IATA reported (02-Jun-2016) the global airline industry generated an aggregate net profit of USD35.3 billion in 2015, with North American airlines accounting for almost two-thirds of profit. Details include:

• Revenue: USD718 billion, -4.4% year-on-year;
• • Passenger: USD518 billion;
  • Cargo: USD52.8 billion;
• Costs: USD659 billion, -8.0%;
• • Fuel: USD181 billion;
  • Labour: USD144 billion, +0.6%;
  • Non-fuel: USD478 billion, -8.3%;
• Operating profit (loss): USD59.5 billion;
• • North America: USD32.1 billion;
  • Europe: USD10.4 billion;
  • Asia Pacific: USD15.3 billion;
  • Middle East: USD1.5 billion;
  • Latin America: USD0.6 billion;
  • Africa: (USD0.3 billion);
• Net profit (loss): USD35.3 billion;
• • North America: USD21.5 billion;
  • Europe: USD7.4 billion;
  • Asia Pacific: USD7.2 billion;
  • Middle East: USD1.4 billion;
  • Latin America: (USD1.5 billion);
  • Africa: (USD0.7 billion);
• Scheduled passenger numbers: 3,568 million;
• Passenger traffic (RPKs): +7.4%;
• • North America: +4.3%;
  • Europe: +5.0%;
  • Asia Pacific: +8.7%;
  • Middle East: +10.1%;
  • Latin America: +6.8%;
  • Africa: +3.1%;
• Passenger load factor: 80.4%;
• Cargo volume: 52.2 million tonnes;
• Cargo traffic (RFTKs): +2.3%;
• Passenger yield: -10.7%;
• Cargo yield: -17.4%;
• Employees: 2.5 million, +2.8%;
• Aircraft fleet: 26,788, +3.6%. [more - original PR]

IATA: "Airlines are producing solid results even with some strong economic headwinds. It's an impressive performance and the mood of the industry is generally optimistic," Tony Tyler, Director General. Source: Company statement, 02-Jun-2016.