Asian airlines outperformed rivals in Q4 | Bangkok Post: business

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Asian airlines outperformed rivals in Q4

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Asia-Pacific airlines outperformed those in other regions in terms of profitability in the last quarter of last year, with benchmark airlines registering a rise in net profit of nearly 200%. 

A total of 23 Asia-Pacific airlines made US$1.73 billion compared with $590 million in the same period of 2011, according to the a financial monitor report released this week by the International Air Transport Association (IATA).

The sharp improvement came as they carried a large part of the growth in passenger and cargo volumes, said the Geneva-based trade group whose 240 member airlines carry 84% of all passengers and cargo.

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