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IATA financial monitor shows losses widening at Asia-Pacific carriers
January 20th 2022
Airlines across the region suffered increased losses in the third quarter of calendar 2021, figures from the International Air Transport Association (IATA) financial monitor show. Read More » The 28 Asia-Pacific carriers included in the report posted a collective net loss of US$3.2 billion for the quarter compared with a net loss of US$1.9 billion in the second quarter. IATA said Asia-Pacific airlines had the weakest operating results of the five regions covered in the monitor, "notably due to still very restricted international travel to, from, and within the region". Asia-Pacific airlines have reported negative earnings before interest and tax (EBIT) margin of -20%, compared with an overall -2.6% EBIT margin for the 87 airlines included in the report.
