MIAMI (Reuters) - Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.3 billion on Monday, almost doubling from last year due mainly to lower oil prices.
The International Air Transport Association (IATA), announcing the upgrade during a gathering of 260 member airlines, said the industry's average net profit margin would almost double to 4 percent from last year's 2.2 percent.
It sees the industry fuel bill dwindling to $191 billion from $226 billion in 2014, when airlines made a restated profit of $16.4 billion.
IATA had previously forecast a $25 billion profit in 2015.
Total industry revenues are expected to dip to $727 billion from last year's $733 billion, but lower fuel costs and record load factors are propelling industry profits higher.
"A focus on efficiency is seeing supply matched more closely than ever with demand and is expected to produce a record high load factor of 80.2 percent," IATA said in a statement, referring to the proportion of seats sold on an average flight.
In a breakthrough for an industry tarnished by years of poor investor returns, IATA said the return on invested capital (ROIC) -- 7.5 percent in 2015 -- would exceed the average cost of that capital for the first time in the industry's history.
(Reporting by Victoria Bryan Writing by Tim Hepher; Editing by Mark Potter)
Relacionados
- Demirtas deposita su voto pidiendo a los turcos que "mantengan su esperanza en la democracia"
- Patiño cree "injustificado" que Europa siga pidiendo visado a los ecuatorianos
- Miles de personas marchan en Honduras pidiendo la renuncia del presidente
- Honduras.- Miles de personas marchan en Honduras pidiendo la renuncia del presidente
- Tribunales.- Admitido el recurso de los trabajadores de Pérez Giménez pidiendo la separación de los concursales
