Airlines back in profit in second quarter
Airlines association says carriers reported $3.9 billion net profits in second quarter
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On Monday August 30, 2010, 6:43 am EDT
GENEVA (AP) -- The International Air Transport Association says 47 major carriers it monitors to assess the industry's financial health reported a net profit of $3.9 billion in the second quarter.
The results contrast with the $881 million net loss posted by carriers a year earlier.
IATA says airlines in North America and the Asia-Pacific region performed best.
The Geneva-based association says European carriers' results were boosted by a $1.3 billion asset sale in the second quarter, without which they would have posted further losses.
IATA said Monday that airlines benefited from stable fuel prices and slowly improving demand over the past months.
6 CommentsShow: Newest FirstOldest FirstHighest RatedMost Replied Post a Comment 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentA Yahoo! User 12 minutes ago Report Abuse Getting in an airplane was never meant to be as cheap as the bus. Finally there is some sanity in the pricing of airfares. Want to fly and have the convenience of getting there in hours instead of days? Look at it this way... Healthy money making airlines make safer airlines. Companies strapped for cash will cut back everywhere they can, even though they will never admit they would compromise safety. Just some food for thought. Would you rather fly in a third world country cheaply, or a country who regulates air travel and charges the money for your safety and the oversight of the industry. That costs money and is part of your ticket fare in fees and taxes. Don't like it? Ride the bus it's cheaper, there are no fancy terminal fees, no bus traffic control fees, no bus parking fees, no baggage restrictions, and you can bring your own drinks. Stop whining about airfares. Fares are still cheaper than back in the eighties when flying was more of a luxury.
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0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentA Yahoo! User 26 minutes ago Report Abuse Yup, the airlines are doing great. BTW, Mexicana Airlines of Mexico shut down completely over the weekend. Good thing IATA isn't monitoring maintenance.
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0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentGILBERT 36 minutes ago Report Abuse AMERICAN AIRLINES should get rid of its -Employee Pension Plan- that and its strong Union representation will drag it down.
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0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this commentAgemingle. Com 1 hour ago Report Abuse ?? oh great article ,My boyfriend and i both think so ...
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0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentAl 1 hour ago Report Abuse keep an eye on american airlines /amr/it always finds a way to lead
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1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this commentA Yahoo! User 1 hour ago Report Abuse Yes, the economy has tanked and the individual is so severely impacted we can not afford to pay the increased prices to fly. The M & A activities has not provided the price breaks promised.
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