iscover
Warning: Attempt to read property "name" on false in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/plugins/momentummedia-article-gate/includes/class-momentummedia-article-gate.php on line 169
Warning: Undefined array key "image-size-770" in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/themes/australianaviation/functions.php on line 1310
Warning: Trying to access array offset on null in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/themes/australianaviation/functions.php on line 1310
IATA has forecast better profitability for the world’s airlines, revising its June 2012 prediction of US$3 billion to now US$4.1 billion for this year.
A cautious Tony Tyler, director-general and CEO of IATA, said while profitability looks to be improving, “we should not get too excited”, describing the expected 0.5 per cent profit margins as “anaemic”.
This content is available exclusively to Australian Aviation members.
A monthly membership is only $5.99 or save with our annual plans.
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
2013 profit performance is expected to improve further, with US$7.5 billion forecast (equating to a 1.1 per cent margin), supported by expected lower oil prices, faster growth and upward GDP forecasts. The profit is still a long way off the US$19.2 billion in profits generated by IATA member airlines in 2010.
Tyler said joint ventures in longhaul markets were “starting to make a difference”, but there was “still a long way to go before ‘normal’ profits are earned”.
