AVIATION
Struggling to gain altitude
Aviation offers lower returns than almost any other business, but its appeal goes beyond the bottom line
- Published: 13/02/2012 at 03:10 AM
- Newspaper section: Business
Who said commercial airlines are good businesses?
With the exception of a small number of well-managed carriers or those operating with special state support, airlines in general are indeed lousy businesses when it comes to absolute returns to shareholders.
The figures compiled by the International Air Transport Association (IATA) bare it all: over the past nine years, the industry finished in the red for six years. Even in the profitable years, the margins were appallingly low.
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About the author
- Writer: Boonsong Kositchotethana
- Position: Deputy Editor Business
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