Loading
2-Dec-2009 10:48 AM

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More