The FINANCIAL -- Europe’s leading network airlines are expected to generate a €1.5
billion EBIT in 2011, but Europe’s economic turmoil is threatening to
push the sector to a loss in 2012.From Anne-Marie Weirauch.
AEA’s 35 airline members have made significant progress in cutting their internal costs, streamlining their operations to offer extremely competitive products. But soaring external costs, such as fuel and taxation, continue to hamper industry profitability. For example, in 2012 fuel costs are expected to be 40% up on 2009 levels, accounting for a massive 29% of total operating expenses.
Europe’s network airlines urge the European institutions and Member States to take concrete actions to improve this outlook.
Related Stories
