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Iata: profitability expected to grow for the airline sector

According to the International Air Transport Association (Iata) the airline sector should reach an industrial profit of 12,7 billion dollars in 2013, with a record number of seats occupied in flights, 80,3%, and total passengers transported, 3,13 billion.

The global airline sector is expected to achieve an industrial profit of $12,7 billion this year, more than the $10,6 billion previously estimated, the International Air Transport Association (Iata) predicts.
IATA Chief Executive Officer Tony Tyler at a meeting of over 200 airlines taking place in Cape Town. he explained that the increase in profitability is linked to the record numbers of passengers and the growth of "ancillary" revenues.

In fact, according to expectations, the airlines will obtain a record 80,3% of occupied seats for a total ever reached of 3,13 billion passengers in 2013, against 79,2% and the 2,98 billion recorded in XNUMX. Last year.
As for related revenues, which relate to additional services such as meals, extra baggage and types of seats, have already risen to 36 billion dollars, 5% of total turnover, and represent important elements to shore up the bills, he reiterated Tyler..

On the cost side however, airlines benefited from the drop in crude oil prices.
However, margins remain tight due to the ongoing European debt crisis. "On average, airlines will earn about $4 per passenger, less than what a sandwich costs in most places," said Iata's director general.

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