ATP Grads at Airlines

IATA Says Global Airline Industry Back In Profit In 2011

Published Mar 25, 2010 on Pilot Jobs

FREE Airline Pilot Career Guide. — Requirements, Pay, Steps and More. Download Now »

The world's airlines should post a combined profit in 2011 the head of airline industry body IATA said on Wednesday.


A shortfall in global air carriers' revenues from their peak in 2008 should be made up within two years, IATA Director-General Giovanni Bisignani told a news conference at the FIDAE air industry fair.

"With a loss of USD$2.8 billion this year, I think we can say with a reasonable degree of certainty that we will be back in the black in 2011," Bisignani said. He said the body would issue its forecast of 2011 industry results in June.

A gap of nearly USD$80 billion in annual revenues lost since a 2008 peak would be made up within two years, he said.

IATA forecasts industry revenues of USD$522 billion for 2010, which is still USD$42 billion shy of 2008 levels.

"We have an (expected) improvement this year of USD$43 billion (over 2009 levels), so we suppose that in two years we will recover the loss," Bisignani said.

He expects airlines in North America to post a combined loss of about USD$1.8 billion in 2010, and sees European airlines losing a total of USD$2.2 billion.

However, Latin American airlines will post a combined profit of about USD$800 million this year, he forecast. Bisignani expects air traffic demand in Latin America to rise 12.2 percent in 2010 from 2009 levels.

Get Your Free Airline Pilot Career Guide Download Yours Now — No Obligation

Airline Pilot Career Guide PDF

Free Airline Pilot Career Guide

Get your complete guide on how to become a pilot — Requirements, Pay, Steps and More.

Download Now »