IATA carriers' combined profits drop 18% in 1996
Despite perceptions of an industry rolling in cash, IATA's 258 member airlines reported a collective 18% drop in earnings last year. Pre-tax profits were just $3 billion and the pre-tax margin was less than 2.2%. Six U.S. airlines had pre-tax profits of more than $4 billion in 1996.
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
