4-May-2012 9:56 AM

IATA: North America carriers profits improve, Europe remains in the red. Asia and Latin America down

IATA released (03-May-2012) its Apr-2012 Airlines Financial Health Monitor with the following updated financial highlights for the global airline industry for three months ended 31-Mar-2012:

  • Operating profit (loss): USD2312 million, -10.7% year-on-year;
  • Net profit (loss): USD1214 million, +61.0%;
    • North America*: 1085 million, +530.8%;
    • Asia Pacific: USD168 million, -72.5%;
    • Europe: (USD49 million), compared to a loss of USD68 million in p-c-p;
    • Latin America: USD10 million, -74.4%. [more – original PR]

*Excludes AMR reorganisation items, totalling USD1.4billion

IATA: “Initial results for Q1 show strong performance by US airlines, contributing to a significant improvement for the industry overall compared to Q1 2011. The small sample of 17 airlines indicates net profits are 60% higher compared to a year ago. But performance is not positive across all regions. The initial results indicate losses for European airlines, to a lesser degree however than in Q1 2011, and significant decline from a year ago for Asia-Pacific and Latin American airlines,” Company statement, 03-May-2012.