North American airlines continue to be most profitable
Airline profitability remains uneven geographically, with carriers in much of the world struggling to earn a profit even as the overall industry continues to generate record revenue and earn robust annual income. IATA issued its latest 2018 global airline profit forecast June 4. The new forecast cuts expected profit by 12% to US$33.8b, with higher-than-expected fuel prices the main factor. This will still make 2018 one of the industry’s the strongest financial years, with the world’s airlines expected to generate a record $834b in revenue. However, nearly half of the forecast profit will come from the $15b North American airlines are projected to earn, while airlines in 3 regions combined—Africa, Latin America and the Middle East—will earn just over $2b this year. African airlines are expected to be in the red collectively in 2018. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-06/general/north-american-airlines-continue-to-be-most-profitable
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North American airlines continue to be most profitable
Airline profitability remains uneven geographically, with carriers in much of the world struggling to earn a profit even as the overall industry continues to generate record revenue and earn robust annual income. IATA issued its latest 2018 global airline profit forecast June 4. The new forecast cuts expected profit by 12% to US$33.8b, with higher-than-expected fuel prices the main factor. This will still make 2018 one of the industry’s the strongest financial years, with the world’s airlines expected to generate a record $834b in revenue. However, nearly half of the forecast profit will come from the $15b North American airlines are projected to earn, while airlines in 3 regions combined—Africa, Latin America and the Middle East—will earn just over $2b this year. African airlines are expected to be in the red collectively in 2018. <br/>
