FACT SHEET: Industry Statistics

System-wide global commercial airlines

2001

2002

2003

2004

2005

2006

2007

2008

2009E

2010F

2011F

REVENUES, $ billion
% change
Passenger
Cargo
Traffic volumes
Passenger growth, tkp, %
Passenger numbers, millions
Cargo growth, tkp, %
Freight tonnes, millions
World economic growth, %
Passenger yield, %
Cargo yield %

307
-6.4
239
39

306
-0.5
238
38

322
5.2
249
40

379
17.7
294
47

413
9.1
323
48

465
12.6
365
53

510
9.6
398
59

564
10.5
439
64

483
-14.3
369
49

560
15.9
427
64

591
5.5
448
67

-2.3
1640
-6.0
28.8
2.2
-4.4
1.9

-1.0
1639
8.7
31.4
2.7
0.3
-9.5

1.4
1691
3.9
33.5
2.8
3.3
2.0

16.7
1888
7.9
36.7
4.2
1.0
7.4

7.0
2022
0.4
37.6
3.4
2.7
2.4

5.4
2124
3.9
39.8
4.0
7.4
6.9

5.7
2281
4.0
41.8
3.8
3.0
5.9

0.4
2271
-1.2
40.5
1.7
9.9
10.2

-2.1
2228
-9.8
36.9
-2.2
-14.0
-14.2

7.7
2395
19.8
44.2
3.2
7.3
7.9

4.9
2508
5.3
46.4
2.6
0.0
0.0

EXPENSES, $ billion
% change
Fuel
% of expenses
Crude oil price, Brent, $/b
Non-Fuel
cents per atk (non-fuel unit cost)
% change

319
0.5
43
13
24.7
276
39.4
0.9

311
-2.7
40
13
25.1
270
39.0
-1.0

323
4.0
44
14
28.8
279
39.2
0.7

376
16.2
65
17
38.3
311
39.5
0.6

409
8.9
91
22
54.5
318
38.6
-2.1

450
10.1
107
24
65.1
343
40.1
3.9

490
8.8
134
27
73.0
356
39.6
-1.4

573
16.9
189
33
99.0
384
42.4
7.2

484
-15.4
113
23
62.0
371
43.1
1.6

539
11.4
137
25
79.0
402
43.7
1.4

575
6.6
145
25
79.0
430
44.0
0.8

Break-even weight load factor, %

Weight load factor achieved, %

61.3
59.0

61.9
60.9

60.9
60.7

61.9
62.5

62.0
62.6

61.3
63.3

60.8
63.3

63.8
62.8

63.4
63.2

63.2
65.6

63.3
65.0

OPERATING PROFIT, $ billion

% margin

-11.8
-3.8

-4.8
-1.6

-1.4
-0.4

3.3
0.9

4.3
1.0

15.0
3.2

19.9
3.9

-8.9
-1.6

-1.2
-0.3

20.6
3.7

15.4
2.6

NET PROFIT, $ billion

% margin

-13.0
-4.2

-11.3
-3.7

-7.5
-2.3

-5.6
-1.5

-4.1
-1.0

3.6
0.8

12.9
2.5

-16.0
-2.8

-9.9
-2.1

8.9
1.6

5.3
0.9

Notes: 2001-2008 data sourced from ICAO, OEF and Platts. 2006 net profit figure includes IATA estimate of US restructuring
costs. The ICAO figure for global profits in 2006 is $3.1 billion. 2007 net profits were revised by ICAO in November 2008 and
this change is reflected here. 2009-10 figures are IATA forecasts, except for the oil price, which is taken from the financial
market consensus. Both yields and unit costs have been distorted in 2003 and 2004 by the significant fall in the US dollar. We
provide estimates that broadly correct for this distortion but should only be taken as an indication of trend. Excludes
exceptional accounting items and mark-to-market fuel hedging losses.
Updated: 9/2010 Next Update: 12/2010
Source: Industry Financial Forecast Table (IATA Economics)
[PT3]

OCT 2010

Financial Results
System-wide global commercial airlines

2007

Global
including exceptional items
Regions
North America
including exceptional items
Europe
including exceptional items
Asia-Pacific
including exceptional items
Middle East
Latin America
including exceptional items
Africa

3.9%

2008
2009
2010F
EBIT margin, % revenues
-1.6%
-0.3%
3.7%

5.5%

-1.8%

4.0%

1.2%

0.1%

2.9%

-2.2%

-4.7%

0.0%

2011F

2007

2.6%

12.9

2008
2009
2010F
Net profits, $ billion
-16.0
-9.9
8.9

14.7

-36.1

-9.8

3.7

-9.6

-2.7

3.5

1.4

5.5

-24.4

-2.7

3.5

1.4

5.1%

3.4%

-0.1%

0.9%

6.3%

3.8%

6.4

0.0

-4.3

-1.3

0.0

-1.0

-4.3

-1.3

0.0

3.0

-4.7

-2.7

5.2

3.0

3.0

-8.7

-2.6

5.2

3.0

-0.3
-1.4

-0.6
0.5

0.4
1.0

0.3
0.6

0.0%
2.0%

1.0%
2.3%

-1.5%
2.7%

2.6%
5.0%

2.2%
3.2%

-0.1
0.1
0.1

-1.7

0.5

1.0

0.6

1.0%

-0.9%

-0.9%

0.6%

0.2%

-0.2

-0.1

-0.1

0.1

0.0

[PT4]

Traffic Forecasts
IATA Global Traffic Forecast
International and
Domestic
RPK
FTK

RPK

FTK

2007

7.4%

4.7%

8.5%

3.8%

2008

1.3%

-1.3%

2.3%

-2.8%

2009 E

-2.1%

-9.8%

-2.5%

-10.1%

2010 F

7.7%

19.8%

8.1%

22.0%

2011 F

4.9%

5.3%

5.1%

5.8%

2012 F

5.4%

6.3%

5.6%

6.8%

2013 F

5.4%

6.4%

5.6%

6.9%

2009-13 CAGR

5.3%

6.1%

5.5%

6.6%

International

Note: The figures are average annual growth rates taken from IATAs Financial
Forecast.
Updated: 9/2010 Next 12/2010
Source: Industry Financial Forecast Table (Econ)
[PT2]

International Traffic Results

International Traffic Results by Airline Region of Registration
September 10 vs. September 09
AS K
G rowth

Africa
Asia/Pacific
Europe
Latin America
Middle East
North America

16.0%

10.1%

8.6%
8.4%

Industry

YTD 2010 vs. YTD 2009

FTK
G rowth

AFTK
G rowth

69.8%

16.5%

16.4%

25.0%

13.1%

9.3%

6.9%

77.2%

15.0%

16.6%

63.3%

10.4%

5.9%

82.6%

11.1%

7.2%

50.3%

4.4%

6.6%

0.5%

78.2%

21.3%

0.9%

48.8%

23.9%
11.1%

15.3%
7.2%

76.8%
84.1%

24.0%
13.0%

17.5%
8.2%

10.5%

7.3%

80.0%

14.8%

11.9%

P LF

5.3
5.3

6.4

Updated: 9/2010 Next Update: 12/2010

Source: ICAO data to 2007-8. IATA estimates for 2009 and forecasts for 2010-11.

RP K
G rowth

8.9

2011F

FTK
G rowth

AFTK
G rowth

68.9%

35.4%

13.6%

27.1%

3.0%

77.9%

30.0%

16.4%

65.6%

1.4%

79.8%

12.1%

-1.4%

51.7%

10.5%

4.6%

76.0%

38.5%

19.2%

42.7%

46.1%
42.9%

18.7%
6.7%

13.2%
2.1%

76.1%
82.8%

30.8%
27.6%

15.7%
4.6%

46.3%
43.2%

52.4%

8.3%

3.6%

78.7%

25.1%

8.9%

53.5%

FLF

RP K
G rowth

AS K
G rowth

P LF

FLF

Updated: 10/2010 Next Update: 11/2010 Source: Monthly MIS Traffic Briefing (Econ)
Note: As of January 2010 results these figures now relate to Total Industry including IATA airlines and LCCs
[PT1]

OCT 2010

International Passenger and Freight Growth

40%

Passenger Growth (RPK)

Freight Growth (FTK)

30%
20%
10%
0%
-10%
-20%

Sep/10

Jul/10

May/10

Mar/10

Jan/10

Nov/09

Sep/09

Jul/09

May/09

Mar/09

Jan/09

Nov/08

Sep/08

-30%

Updated: 10/2010 Next Update: 11/2010 Source: IATA Monthly MIS Traffic Statistics
[PC2]

International Passenger Load Factors

Seasonally Adjusted Load Factor

78%

Pts Change in Load Factor

8%

6%
76%
4%

Load Factor (%)

74%
72%

2%

70%
0%

68%
66%

-2%

64%

Change in Load Factor, Year-on-Year

80%

-4%
62%

Sep-10

Jul-10

May-10

Mar-10

Jan-10

Nov-09

Sep-09

Jul-09

May-09

Mar-09

Jan-09

Nov-08

-6%

Sep-08

60%

Updated: 10/2010 Next Update: 11/2010 Source: IATA Monthly MIS Traffic Statistics
[PC3]

OCT 2010