Pressure on the airline industry’s operating profitability eased in Q3 2021, according Iata’s Airlines Financial Monitor report for December 2021 to January 2022.
The report shows that in the sample of 87 airlines, the operating loss improved from 13.6% of revenues in Q2 to 2.6% in Q3, thanks to a gradual improvement in passenger traffic and a booming air cargo business.
The industry-wide operating loss was 2.6% of revenues over the July to September period, compared with a 13.6% loss in Q2.
Cashflow for airlines also improved, with figures for the 58 airlines showing that the industry-wide nett cashflow from operating activities was at -1% of revenues in Q3.
Click here to view the full report.