IATA: North American carriers lead in 4Q2011 profits
IATA released (02-Feb-2012) its Jan-2012 Airlines Financial Health Monitor which provides the following global airline financial updates for the three months ended 31-Dec-2011:
- Operating profit: USD3015 million, -33.6% year-on-year;
- Net profit: USD771 million, -55.9%;
IATA: “Compared to Q4 2010 net profits have contracted by 55% for the industry overall. This continues the squeeze that started in Q4 2010, as a result of slowing demand and high fuel prices. By contrast, North American airlines, which managed to maintain strong yields and load factors, had good Q4 performance – more than doubling profits compared to the same period in 2010,” IATA statement. Source: IATA, 02-Feb-2012.