Airlines' profits set for big fall
Source: Agencies |
August 4, 2011, Thursday
|
Print Edition
Print Edition
SKY-HIGH fuel prices have hit the profits of the world's airlines though Europe's carriers recovered after suffering last year from a volcanic ash cloud that brought traffic to a standstill, the industry's main lobby group said yesterday.
The International Air Transport Association said early results from a sample of airlines globally show they will post US$1.04 billion in profits for the second quarter of 2011, a big drop from the US$2.88 billion in profits for the same period a year ago.
The sample is too small as yet to come to clear conclusions but Asian airlines appear to have been under the most pressure, whereas European airlines have improved operating profits (partly because second-quarter 2010 results were hit by the ash cloud last year), according to the Geneva-based group.
Another bright spot for airlines is that air travel volume overall looks to be rising at 4-5 percent a year, IATA said.
The International Air Transport Association said early results from a sample of airlines globally show they will post US$1.04 billion in profits for the second quarter of 2011, a big drop from the US$2.88 billion in profits for the same period a year ago.
The sample is too small as yet to come to clear conclusions but Asian airlines appear to have been under the most pressure, whereas European airlines have improved operating profits (partly because second-quarter 2010 results were hit by the ash cloud last year), according to the Geneva-based group.
Another bright spot for airlines is that air travel volume overall looks to be rising at 4-5 percent a year, IATA said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
