Airlines' Revenues and Profits Continue to Increase
Thursday, March 06, 2008
The International Air Transport Assocation (IATA) expects the airline industry to report record profits in 2008. They estimate net profits to be approximately $9.6 billion USD, up substantially from 2007, which showed a strong increase over 2006.
Net profits in 2007 were approximately $5 billion, as compared to those of 2006, which were $3.8 billion.
The general director and chief executive of IATA said airlines in Asia and Europe have gotten a boost from stronger-than-expected growth. Fuel costs represent on average 26% of an airline's operating expenses, but greater efficiency across the airline industry have partly offset the rise in fuel prices.
What does this growth mean to you, as a pilot or someone who is interested in a career in aviation? A healthy, strong industry quite simply means more jobs and more opportunities. To find out more about all the opportunities that await future airline pilots, call Phoenix East Aviation at 1-386-258-0703 (worldwide) or 1-800-868-4359 (toll-free in the US) and ask to speak to an Admissions Officer or check out www.pea.com.
Phoenix East Aviation Inc
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