Economy

xchrom

(108,903 posts)

23. US AIRLINES TO LEAD INDUSTRY RECOVERY IN PROFITS

Thu Dec 13, 2012, 11:53 AM

Dec 2012

http://hosted.ap.org/dynamic/stories/E/EU_AIRLINES_OUTLOOK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-12-13-09-22-17

GENEVA (AP) -- U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring measures taken to address weak economic growth, the industry's trade group forecast Thursday.

Carriers in Asia, the Middle East and Latin America will also enjoy an improvement in earnings, while those in Europe are expected to only break even as they continue to suffer from the region's economic crisis.

The industry expects global net profits of $8.4 billion in 2013. It anticipates $6.7 billion for this year, based on strong second and third quarters - particularly for larger carriers - despite high fuel prices and weaker demand.

The 2013 results would still be below the $8.8 billion earned in 2011 and $15.8 billion in 2010. The net profit margin, at 1 percent, would also be well below the 7 to 8 percent officials say is needed to recover capital costs.

Edit history

Please sign in to view edit histories.

38 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Thursday, 13 December (ha ha ha ha ha) 2012 [View all] Tansy_Gold Dec 2012 OP

God Luciadagen! Demeter Dec 2012 #1

I had a Lucia kranz for the kids, once upon a time Demeter Dec 2012 #2

The song Demeter Dec 2012 #3

Morning Marketeers..... AnneD Dec 2012 #5

Lucy's Day? tclambert Dec 2012 #4

god luciadagen! xchrom Dec 2012 #7

US Futures flat. Europe a in a tiny malaise. gold down 1.25% Roland99 Dec 2012 #6

{speaking of sweden} Sweden’s Euro Hostility Hits A Record High xchrom Dec 2012 #8

BEAT: INITIAL CLAIMS FALL TO 343K xchrom Dec 2012 #9

FWIW, it's nice seeing weekly claims staying below 400k where they'd been for a while. Roland99 Dec 2012 #24

Home Seizures Rise as Banks Adjust to Foreclosure Flow xchrom Dec 2012 #10

Retail Sales Climb as Americans Snap Up Autos, Electronics xchrom Dec 2012 #11

Emerging Fiscal Cliff Deal Spares Corporations, but Not the Safety Net xchrom Dec 2012 #12

Let me get out my cluestick Demeter Dec 2012 #16

Supplemental reading for catharsis Demeter Dec 2012 #18

! xchrom Dec 2012 #19

But "he thinks of us everyday", he said so. kickysnana Dec 2012 #37

Eurozone agrees ECB banking supervision rules xchrom Dec 2012 #13

France denies Rio Tinto nationalisation rumours xchrom Dec 2012 #14

Tax exile Depardieu puts Paris mansion up for sale xchrom Dec 2012 #15

Steel tycoon Mittal hits out at ‘irrational’ French minister xchrom Dec 2012 #17

I'm just not up to it, today Demeter Dec 2012 #20

something holiday-ish? not very creative -- but it is timely? xchrom Dec 2012 #21

Which holiday, though? Demeter Dec 2012 #31

paganish? -- we haven't done a Hanukkah theme or xchrom Dec 2012 #33

Beethoven? It's his birthday on the 16th rusty fender Dec 2012 #34

Good Idea! Demeter Dec 2012 #36

Yay! I love Beethoven! rusty fender Dec 2012 #38

Executives push for ‘fiscal cliff’ deal, even if their tax concerns have to wait xchrom Dec 2012 #22

You don't want to know what vile epithets spilled forth upon reading that Demeter Dec 2012 #26

as usual...! xchrom Dec 2012 #28

Certainty? Fuddnik Dec 2012 #35

US AIRLINES TO LEAD INDUSTRY RECOVERY IN PROFITS xchrom Dec 2012 #23

CHEAPER GAS DRIVES DOWN US WHOLESALE PRICE INDEX xchrom Dec 2012 #25

Where, pray tell, is this cheaper gas? Demeter Dec 2012 #27

indeed. it's over 3 here in the 'cheaper' south. nt xchrom Dec 2012 #29

Grocery store around here tried to gouge for Xmas, but they are back to sales Demeter Dec 2012 #30

they keep saying there's no inflation -- but if you haven't had a raise in like forever xchrom Dec 2012 #32