The Assn. of European Airlines (AEA) said its member airlines expect to post a collective €1.5 billion ($1.9 billion) EBIT profit in 2011, up from €0.5 billion in 2010. Preliminary figures covering 31 of AEA’s 35 member airlines show passengers carried increased 7.1% on 2010 to 363 million and RPKs rose 8%. Capacity (ASKs) increased 8.9% and average load factor slipped by 0.6 of a percentage point to 77.3%. “There is much to encourage us in the 2011 figures. In ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.