is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. Only two regions have seen significant gains -5%. Source: IATA Economics Economic Performance of the Airline Industry, Mid-Year 2020-35%-30%-25%-20%-15%-10%-5% 0% 5% 10% N America Europe Asia Pacific Middle East L America Africa e Net profit as a % of revenue 2019 2020 ues. The total number of fatal accidents decreased from 8 in 2019 to 5 in 2020. The International Air Transport Association (IATA) forecasted that the global airline industry will produce a net profit of USD 29.3 billion in 2020, improved over a net profit of USD 25.9 billion expected in 2019 (revised downward from a USD 28 billion forecasted in the past June). This year’s profits are estimated to finish the year at $25.9bn, well under the forecast level of $28bn published by IATA in June. Sources: ICAO, IATA, The Airline Analyst, Datastream, Platts. The total number of accidents decreased from 52 in 2019 to 38 in 2020. Revenues are expected to fall by more than demand as airlines are significantly discounting ticket prices to help stimulate travel. North America and Europe, which were the best performers among all regions prior to the crisis, are expected to post double-digit negative ROIC in 2020. Revenues will fall 50% to $419 billion from $838 billion in 2019. Passenger traffic and load factors per IATA Industry Stat istics Fact Sheet December 2019 for years 2014- 2020F, IATA Industry Statistics Fact Sheet June 2019 for year 2013 and IATA Economic Performance of the Airline Industry - Industry Forecast December 2017 for years 2010- 2012. Source: ICAO, The Airline Analyst, IATA Economics . Worldwide airline Industry 2019 2020F 2021F Spend on air transport*, $billion 876 340 476 % change over year 3.6% -61.2% 40.2% % global GDP 1.0% 0.4% 0.5% Airlines. Airlines. The International Air Transport Association (IATA) has announced full-year global passenger traffic results for 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.2 percent compared to the full year of 2018. Key Points The impact of COVID-19 on the global economy will be severe. Note: Bankruptcy reorganization and large non-cash costs are excluded. If achieved, 2020 will mark the industry’s 11th consecutive year in the black. The total number of accidents decreased from 52 in 2019 to 38 in 2020. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. The decline, says IATA, is due to the delaying effect … Cargo business for the airline industry is showing some improvement, but the gains are small and the future very uncertain, according to IATA and market experts. IATA reports that annual global airline fuel costs were $188bn in 2019, representing 23.7% of total airline operating costs. Alexandre de Juniac, director general of IATA. Worldwide airline Industry 2019 2020F 2021F Spend on air transport*, $billion 876 434 598 % change over year 3.6% -50.4% 37.7% % global GDP 1.0% 0.5% 0.6% 2020 will be the worst year in history for airlines (net loss of $84.3bn) and losses will continue in 2021, albeit to a lesser extent. Geneva - The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. In July 2020, IATA indicated that the industry was forecast to lose $84.3 billion in 2020. Outlook for 2016 . This semi-annual report takes a broad look at how the airline industry is adding value for its consumers, the wider economy and governments, as well as for its investors. In numbers: Airline industry economic forecast 2020 | Airlines. Source: ICAO, The Airline Analyst, IATA Economics . Source: ICAO, The Airline Analyst, IATA Economics . Geneva - The International Air Transport Association (IATA) released its … Airlines. The past ten years have seen a host of changes in the aviation industry, from airline bankruptcies to volatile fuel prices to the rise of low-cost airlines. The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. Economic Performance of the Airline Industry This semi-annual report takes a broad look at how the airline industry is adding value for its consumers, the wider economy and governments, as well as for its investors. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. The International Air Transport Association (IATA) said it believes 2020 will be a better for the global airline industry coming off a “challenging” 2019, but at the same time lowered its profit forecast for 2019 to US$25.9 billion from its June estimate of US$28 billion. That puts at risk more than 250,000 South African jobs and $5.1billion (about ZAR 93bn) of South Africa’s GDP, which is generated by aviation directly and by air transport-dependent tourism. We forecast the industry to generate an overall negative ROIC (-17.7%) in 2020. Source: ICAO, The Airline Analyst, IATA Economics . Middle East will be the weakest with a 1.7% loss. IATA expects this to fall back to 22.1% of expenses in 2020, with a total spend of $182bn. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. Middle East will be the weakest with a 1.7% loss. The headline figure from IATA predicts a net profit of $29.3bn in 2020, up some $3.4bn from the expected profits being generated in 2019. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. The International Air Transport Association (IATA) has announced full-year global passenger traffic results for 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.2 percent compared to the full year of 2018. • N American airlines perform best with a 6.0% net post-tax profit margin in 2020. 0%. The International Air Transport Association (IATA) said it believes 2020 will be a better for the global airline industry coming off a “challenging” 2019, but at the same time lowered its profit forecast for 2019 to US$25.9 billion from its June estimate of US$28 billion. The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. IATA estimates that revenues generated by airlines in the South African market will fall by $3 billion (about ZAR55 billion) in 2020, 56% below 2019 levels. A net loss of $118.5 billion is expected for 2020 (deeper than the $84.3 billion forecast in June). In numbers: Industry performance 2020 | Airlines. Airlines in all regions are expected to record negative operating income in 2020. Worldwide airline Industry 2019 2020F 2021F Spend on air transport*, $billion 876 434 598 % change over year 3.6% -50.4% 37.7% % global GDP 1.0% 0.5% 0.6% The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). According to IATA, passenger air transport measured as revenue passenger kilometre was down 90% year-on-year in April 2020 and still down 75% in August. IATA reports that annual global airline fuel costs were $188bn in 2019, representing 23.7% of total airline operating costs. 2010 2016. Middle East will be the weakest with a 1.7% loss. If achieved, 2020 will mark the industry's 11 th consecutive year in the black. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. Passenger traffic and load factors per IATA Industry Stat istics Fact Sheet December 2019 for years 2014- 2020F, IATA Industry Statistics Fact Sheet June 2019 for year 2013 and IATA Economic Performance of the Airline Industry - Industry Forecast December 2017 for years 2010- 2012. Outlook for 2016 . 5%. If achieved, 2020 will mark the industry’s 11th consecutive year in the black. As pilots get older and the demand for air travel increases worldwide, Airlines. Profits for airlines in Asia-pacific region are expected to rise from $9.6 billion in 2018 to reach $10.4 billion in 2019. The total number of fatal accidents decreased from 8 in 2019 to 5 in 2020. The 2019 result is a slowdown compared to 2018’s annual growth of 7.3% and marked the first year since the global […] The total number of fatal accidents decreased from 8 in 2019 to 5 in 2020. Presenting the IATA industry outlook at IATA’s Global Media Day in Geneva, Chief Economist Brian Pearce said supportive central bank and fiscal policies worldwide has lessened the risk of an economic decline. That puts at risk more than 250,000 South African jobs and $5.1billion (about ZAR 93bn) of South Africa’s GDP, which is generated by aviation directly and by air transport-dependent tourism. IATA forecast for 2020 and 2021. Revenues will fall 50% to $419 billion from $838 billion in 2019. The total number of accidents decreased from 52 in 2019 to 38 in 2020. In total, the body now expects airlines to lose $84.3 billion in 2020, with a net profit margin of -20 per cent. Note: Bankruptcy reorganization and large non-cash costs are excluded. The annual GDP growth of 5.6% is projected for the Asia-Pacific region in 2019. Airline losses are surging to unprecedented levels expected to be more than three times those following the 2008 global economic slump, according to the industry’s main trade group. Middle East will be the weakest with a 1.7% loss. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. Includes all commercial airlines. The 2019 result is a slowdown compared to 2018’s annual growth of 7.3% and marked the first year since the global … Cargo business for the airline industry is showing some improvement, but the gains are small and the future very uncertain, according to IATA and market experts. “Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that’s a loss of $84.3 billion. It means that—based on an estimate of 2.2 billion passengers this year—airlines will lose $37.54 per passenger. Africa % r. even. Revenues are expected to fall by more than demand as airlines are significantly discounting ticket prices to help stimulate travel. The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). On November 24, 2020, IATA issued an economic performance report of the airline industry, indicating that losses are set to worsen. IATA announced the publication of the 2020 Safety Report and released data for the 2020 safety performance of the commercial airline industry. indirectly facilitates global trade, tourism and economic growth. • Employment growth remains strong and jobs in the industry should reach 3.0 million with GVA per … These pages provide analysis of economic and policy developments affecting the financial performance of the global airline industry. Airline Industry Economic Performance - April 2021 - Presentation Press Release: Airline industry outlook for 2020 grows darker, says IATA. In the face of a half trillion-dollar revenue drop (from $838 billion in 2019 to $328 billion) airlines cut costs by $365 billion (from $795 billion in 2019 to $430 billion in 2020). IATA announced the publication of the 2020 Safety Report and released data for the 2020 safety performance of the commercial airline industry. Airline Industry Economic Performance - November 2020 - Data tables. This unprecedented decline has affected all elements of the air transport value chain: aircraft manufacturers, airlines, airports, as well as associated sectors such as food services and retail. Early industry performance 2021 | Airlines. Only two regions have seen significant gains -5%. IATA expects this to fall back to 22.1% of expenses in 2020, with a total spend of $182bn. Operating profit margins by region, 2016 vs 2010. Early industry performance 2021 | Airlines. Industry profitability forecast to stabilize in 2020 Source: IATA Economic Performance of the Airline Industry, End-Year 2019-6%-4%-2% 0% 2% 4% 6% 8% 10%-30-20-10 0 10 20 30 40 50 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 n e Global commercial airline industry net profits and operating margin Operating profit margin Net post-tax profits 0%. Airline industry economic performance – 2016 mid-year report | Airlines. Source: IATA Economics Economic Performance of the Airline Industry, Mid-Year 2020-35%-30%-25%-20%-15%-10%-5% 0% 5% 10% N America Europe Asia Pacific Middle East L America Africa e Net profit as a % of revenue 2019 2020 The International Air Transport Association (IATA) said it believes 2020 will be a better for the global airline industry coming off a “challenging” 2019, but at the same time lowered its profit forecast for 2019 to US$25.9 billion from its June estimate of US$28 billion. The unprecedented decline in air passenger traffic had a severe impact in all regions. Worldwide airline Industry 2019 2020F 2021F Spend on air transport*, $billion 876 340 476 % change over year 3.6% -61.2% 40.2% % global GDP 1.0% 0.4% 0.5% In numbers: Airline industry economic forecast 2020 | Airlines. IATA said global demand, measured in cargo-ton-kilometers, fell 17.6% in June, a modest improvement from the 20.1% year-over-year fall recorded in May. Presenting the IATA industry outlook at IATA’s Global Media Day in Geneva, Chief Economist Brian Pearce said supportive central bank and fiscal policies worldwide has lessened the risk of an economic decline. Airlines. The global airline industry is expected to improve its net profit next year to $29.3 billion up from $25.9 billion this year, the International Air Transport Association (IATA) said in its 2020 forecast. However, rising fuel prices and labor cost will remain a challenge to the airlines in this region. The airlines in this region have employed a low hedging strategy in comparison to the airlines in other parts of the world. Airline Industry Economic Performance - November 2020 - Data tables. Airlines. If achieved, 2020 will mark the industry’s 11th […] MONTREAL - The International Air Transport Association (IATA) announced the publication of the 2020 Safety Report and released data for the 2020 safety performance of the commercial airline industry. 5 Airline industry trends expected to remain healthy in 2020 Air transport, in April and May 2020, was down to 10–15% of corresponding 2019 levels . We forecast the industry to generate an overall negative ROIC (-17.7%) in 2020. On November 24, 2020, IATA issued an economic performance report of the airline industry, indicating that losses are set to worsen. In July 2020, IATA indicated that the industry was forecast to lose $84.3 billion in 2020. MIAMI – The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Global GDP growth is expected to contract by 5.0% in 2020. is IATA’s flagship multi-platform magazine, offering the latest aviation business news, exclusive airline CEO interviews, and expert insight and analysis. Africa % r. even. The headline figure from IATA predicts a net profit of $29.3bn in 2020, up some $3.4bn from the expected profits being generated in 2019. Key Points The impact of COVID-19 on the global economy will be severe. Montreal: The International Air Transport Association (IATA) announced the publication of the 2020 Safety Report and released data for the 2020 safety performance of the commercial airline industry. • Employment growth remains strong and jobs in the industry should reach 3.0 million with GVA per … This semi-annual report takes a broad look at how the airline industry is adding value for its consumers, the wider economy and governments, as well as for its investors. The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). Geneva--The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.Revenues will fall 50% to $419 billion from $838 billion in 2019. 15%. Alexandre de Juniac, director general of IATA. 15%. Sources: ICAO, IATA, The Airline Analyst, Datastream, Platts. In total, the body now expects airlines to lose $84.3 billion in 2020, with a net profit margin of -20 per cent. The unprecedented decline in air passenger traffic had a severe impact in all regions. If achieved, 2020 will mark the industry’s 11th consecutive year in the black. The global airline industry is expected to improve its net profit next year to $29.3 billion up from $25.9 billion this year, the International Air Transport Association (IATA) said in its 2020 forecast. Includes all commercial airlines. The International Air Transport Association (IATA) said it believes 2020 will be a better for the global airline industry coming off a “challenging” 2019, but at the same time lowered its profit forecast for 2019 to US$25.9 billion from its June estimate of US$28 billion. Geneva--The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.Revenues will fall 50% to $419 billion from $838 billion in 2019. 2010 2016. (Source: IATA) This is mainly because of the strong economic growth currently witnessed in the region. Industry profitability forecast to stabilize in 2020 Source: IATA Economic Performance of the Airline Industry, End-Year 2019-6%-4%-2% 0% 2% 4% 6% 8% 10%-30-20-10 0 10 20 30 40 50 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 n e Global commercial airline industry net profits and operating margin Operating profit margin Net post-tax profits In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. The total number of fatal accidents decreased from 8 in 2019 to 5 in 2020. The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. This year’s profits are estimated to finish the year at $25.9bn, well under the forecast level of $28bn published by IATA in June. Sources: IATA estimates for regions. 5%. Airline losses are surging to unprecedented levels expected to be more than three times those following the 2008 global economic slump, according to the industry’s main trade group. MIAMI – The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). N America Europe Asia Pacific Middle East LatinAmerica. 10%. Operating profit margins by region, 2016 vs 2010. This semi-annual report takes a broad look at how the airline industry is adding value for its consumers, the wider economy and governments, as well as for its investors. This semi-annual report takes a broad look at how the airline industry is adding value for its consumers, the wider economy and governments, as well as for its investors. Air transport, in April and May 2020, was down to 10–15% of corresponding 2019 levels . Geneva – The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021.Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast. Press Release: Airline industry outlook for 2020 grows darker, says IATA. The total number of accidents decreased from 52 in 2019 to 38 in 2020. Revenues will fall 50% to $419 billion from $838 billion in 2019. 2020 will be the worst year in history for airlines (net loss of $84.3bn) and losses will continue in 2021, albeit to a lesser extent. IATA said global demand, measured in cargo-ton-kilometers, fell 17.6% in June, a modest improvement from the 20.1% year-over-year fall recorded in May. Revenues will fall 50% to $419 billion from $838 billion in 2019. The change in the behaviour of passengers following the COVID-19 crisis, travel restrictions and the ensuing economic crisis have resulted in a dramatic drop in demand for airline services. If achieved, 2020 will mark the industry's 11 th consecutive year in the black. Airline industry economic performance – 2016 mid-year report | Airlines. The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). Historical data are subject to revision. Airlines. 5 Airline industry trends expected to remain healthy in 2020 N America Europe Asia Pacific Middle East LatinAmerica. Historical data are subject to revision. Montreal: The International Air Transport Association (IATA) announced the publication of the 2020 Safety Report and released data for the 2020 safety performance of the commercial airline industry. The industry body predicted that airlines are set to finish 2020 with $118 billion of losses. 10%. The change in the behaviour of passengers following the COVID-19 crisis, travel restrictions and the ensuing economic crisis have resulted in a dramatic drop in demand for airline services. Sources: IATA estimates for regions. The industry body predicted that airlines are set to finish 2020 with $118 billion of losses.