International Air Transport Association Raises 2013 Profit Forecast
RDInvesting Provides Stock Research on Delta Air Lines and JetBlue Airways
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 03/21/13 -- The Airlines Industry has had an impressive start to the year despite difficult global economic conditions. The Claymore/NYSE Arca Airline ETF (FAA) has surged approximately 23 percent year-to-date, more than double the Down Jones gain of 10.65 percent. Research Driven Investing examines investing opportunities in the Airlines Industry and provides equity research on Delta Air Lines, Inc. (NYSE: DAL) and JetBlue Airways Corporation (NASDAQ: JBLU).
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The International Air Transport Association recently raised their profit forecast for the global airline industry in 2013 to $10.6 billion, due largely to increases in passengers and cargo. Industry revenues are projected to increase to $671 billion, compared to $637 billion in 2012. Costs are also expected to rise to $649 billion from $623 billion last year.
"The improvements in industry profitability are encouraging. But they must be kept in perspective. We are projecting that airlines will make a net profit of $10.6 billion on $671 billion in industry revenue," said Tony Tyler, director general and CEO of IATA. "By comparison, last year, Nestle, a single company, made over $11.5 billion in profit on a revenue of about $100 billion."
Research Driven Investing releases regular market updates on the Airlines Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Delta is working to become the best U.S. carrier in Latin America and the Caribbean. . Delta provides service to 32 countries and 43 destinations in the region offering more than 1,000 weekly flights between Latin America and the U.S. The company has reported unit revenues in February increased 5.0 percent year-over-year. Shares of Delta have soared over 40 percent in 2013.
JetBlue serves 76 cities with 800 daily flights and plans to launch service to Albuquerque, New Mexico, and Philadelphia, Pennsylvania in 2013. The company and Qatar Airways have recently announced a one-way codeshare agreement to connect the carriers' networks via New York's John F. Kennedy International Airport and Washington Dulles International Airport. Shares of JetBlue have gained over 20 percent year-to-date.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 21.03.2013 - 07:20 Uhr
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