After earning more than half the world’s airline industry profits for three consecutive years, US airlines will only earn nearly half the world’s profits for 2017.
In its report, [IATA] said total airline industry net profit in 2018 will rise to $38.4 billion, an increase of around 11 percent on the projected figure for 2017.
The bulk of the profit generated next year will come from North America where, according to IATA, airlines in the region are forecast to record a combined net profit of $16.4 billion.
In its statement, IATA said the U.S. figure, up from a forecast $15.6 billion in 2017, actually represents a slight fall away in market share.
“North American airlines have generated more than half of the industry’s profits produced in the past three years, but rising cost pressures have slowed further improvements,” the report said.
Asia-Pacific should generate $9 billion in profit while Europe generates $11.5 billion.
Remember that the next time you hear about an airline asking government for special favors, protection for jobs, or subsidies to start international service from a local airport. The desperation in their voice is fake.