Record 2010 earnings for Asia-Pac carriers

Preliminary financial performance figures released recently by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific-based carriers in aggregate reported a record US$9.5 billion in net profits in 2010, a major turnaround from US$1.7 billion in net losses suffered in the previous year. The strong results were underpinned by a resurgence of air […]


2010 earnings AAPA Association of Asia Pacific Airlines


Preliminary financial performance figures released recently by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific-based carriers in aggregate reported a record US$9.5 billion in net profits in 2010, a major turnaround from US$1.7 billion in net losses suffered in the previous year. The strong results were underpinned by a resurgence of air travel and air freight demand, along with operating efficiencies including record high load factors, APAA said. International cargo traffic, expressed in freight tonne kilometres, surged by 24 per cent while passenger traffic grew by 9.6 per cent. Combined revenues for Asia Pacific carriers reached US$147 billion, 30 per cent higher than the US$113 billion reported in 2009, with cargo revenues jumping 52 per cent to US$22 billion.