IATA chief: Airline profitability is good for all
Being profitable is not something airlines should have to apologise for, the chief of IATA said at an aviation conference Feb 25. IATA CE and DG Tony Tyler said the airline industry was changing—and becoming more sustainably profitable—because of “a lot of hard work and the confluence of some key factors.” “We expect that airlines will deliver a US$36b profit in 2016, for a 5.1% net margin. While it’s not close to the 23% net margin that Apple delivered last year, it is considered a strong result for our industry. Even more significantly, airlines are starting to provide a normal return to their investors,” Tyler said. Tyler noted that North America is leading the industry in terms of profitability, with US and Canadian airlines expected to earn some $19.2b in 2016, or roughly half the industry’s global profit. <br/>
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IATA chief: Airline profitability is good for all
Being profitable is not something airlines should have to apologise for, the chief of IATA said at an aviation conference Feb 25. IATA CE and DG Tony Tyler said the airline industry was changing—and becoming more sustainably profitable—because of “a lot of hard work and the confluence of some key factors.” “We expect that airlines will deliver a US$36b profit in 2016, for a 5.1% net margin. While it’s not close to the 23% net margin that Apple delivered last year, it is considered a strong result for our industry. Even more significantly, airlines are starting to provide a normal return to their investors,” Tyler said. Tyler noted that North America is leading the industry in terms of profitability, with US and Canadian airlines expected to earn some $19.2b in 2016, or roughly half the industry’s global profit. <br/>
