Global airline profits expected to drop below 1% next year
11 November 2011Beset by high fuel costs and the uncertainty of European regulatory hurdles, the global profit forecast for the airline industry looks particularly grim next year, the head of the international airline trade association said Wednesday in Washington.
The world’s airlines will make less than a 1 percent profit in 2012, down from a projected 1.2 percent margin this year and 2.9 percent in 2010.
“‘The high price of oil and an anemic economic outlook are the biggest issues,’†Tyler said. “‘If we are right about 2012, it will mean that airlines, since 2001, lost $25 billion on $5.5 trillion in revenues.’â€
source: washingtonpost.com
