Yahoo News: Airlines profit but Europe, Latin America lag behind
Jun 8, 2015, 2:45 pm
#1
In Memoriam, FlyerTalk Evangelist
Original Poster
Join Date: Jun 2000
Location: Benicia CA
Programs: Alaska MVP Gold 75K, AA 3.8MM, UA 1.1MM, enjoying the retired life
Posts: 31,849
Yahoo News: Airlines profit but Europe, Latin America lag behind
As fuel prices drop and more planes fly filled to capacity, North America is leading the airline industry in profits while much of the world still struggles, officials said Monday.
Airlines are projected to make $29.3 billion in collective profit on revenues of $727 billion in 2015, said Tony Tyler, director general of the International Air Transport Association (IATA), at the group's annual meeting in Miami Beach, Florida.
Airlines are projected to make $29.3 billion in collective profit on revenues of $727 billion in 2015, said Tony Tyler, director general of the International Air Transport Association (IATA), at the group's annual meeting in Miami Beach, Florida.
Interesting article covering some challenges airlines face outside North America, from infrastructure to government disputes to military conflicts. Most surprising thing to me was half the industries profits come from North America carriers.
Jun 8, 2015, 3:59 pm
#3
Moderator: American AAdvantage
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Matre-plongeur des Muccis
Posts: 62,946
Seems the gulf in profits are not what they would like us to believe. Perhaps, if American carriers are seeing premium flyers defect, they can improve service levels? There's a radical concept!