IATA: NthAm airlines profit USD245m, LatAm airlines USD325m in 3 months to 31-Oct

IATA reports (02-Dec-2009) the following global full service airline financial updates for the three months ended 31-Oct-2009:

• Operating profit (loss): USD3076 million, +10.4% year-on-year;
  • North America: USD1647 million, compared to a loss of USD188 million in the previous corresponding period;
  • Europe: USD1154 million, -58.5%;
  • Asia Pacific: (USD80 million), compared to a loss of USD274 million in the previous corresponding period;
  • Latin America: USD254 million, -28.0%,
  • Other: USD101 million, -14.4%;
• Net profit (loss): USD718 million, compared to a loss of USD3370 million in the previous corresponding period;
  • North America: USD245 million, compared to a loss of USD2353 million in the previous corresponding period;
  • Europe: USD563 million, -53.5%;
  • Asia Pacific: (USD521 million), compared to a loss of USD1789 million in the previous corresponding period;
  • Latin America: USD325 million, compared to a loss of USD565 million in the previous corresponding period;
  • Other: USD106 million, -15.2%. [more]

IATA: "Airline financial performance began to improve in Q3 (except in Europe), having deteriorated in the first half of this year. This quarter benefits from seasonally strong traffic, unlike Q4. A sample of 75 major airlines reported a net profit of USD0.7 billion compared with a USD3.4 billion loss in Q3 2008," Source: Company statement, 01-Dec-2009.