GITNUX MARKETDATA REPORT 2024

Profitable Airlines Statistics

Profitable Airlines had a strong financial performance this quarter, with increased revenue and decreased costs leading to higher profits.

Last Updated: June 17, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the financial landscape of the airline industry, focusing on the significant impacts of the COVID-19 pandemic. We delve into the contrasting fortunes of airlines, from staggering losses to remarkable profits, revealing the stark disparities within the industry. Through a series of key statistics, we uncover the financial challenges and successes that define the airline market in recent years.

Statistic 1

"In 2020, Southwest Airlines reported a full-year net loss of $3 billion, as the COVID-19 pandemic severely impacted air travel, according to business insider."

Statistic 2

"Delta Air Lines reported losses of $12.39 billion in 2020 due to the COVID-19 pandemic."

Statistic 3

"Revenue of the worldwide airline industry was 328 billion U.S. dollars in 2020, a sharp decrease from the previous years due to COVID-19."

Statistic 4

"In 2020, IAG (the parent company of British Airways, Iberia, and Aer Lingus) reported a loss of $4.5 billion."

Statistic 5

"Ryanair endured a loss of £702 million in 2020, its first annual loss since 2009."

Statistic 6

"Southwest Airlines was named the most profitable airline in the U.S., before COVID-19 hit, with a net income of $2.3 billion in 2019."

Statistic 7

"In 2019, American Airlines earned a net income of $1.6 billion."

Statistic 8

"Emirates was the most profitable airline in the FY 2019-2020, making a net profit of $456 Million."

Statistic 9

"In 2020, Qantas Airways reported a pre-tax profit of AUD 124 million but expecting more than AUD 2 billion loss due to COVID-19."

Statistic 10

"Allegiant Air earns an impressive 30% operating margin as one of the most profitable airlines."

Statistic 11

"In 2019, Air Asia Group reported a profit of 28.1 million MYR."

Statistic 12

"In 2019, Alaska Airlines had an operating income of $769 million."

Statistic 13

"In 2019, Spirit Airlines reported a whopping $335.4 million net income."

Statistic 14

"Qantas was the most profitable airline of Australia with a profit of 891 million AUD in 2019."

Statistic 15

"Air Canada declared a net income of 1.48 billion Canadian dollars in 2019."

Statistic 16

"As of December 31, 2019, SkyWest Airlines earned a net income of $340 million."

Statistic 17

"EasyJet made a pre-tax profit of £645 million in 2019."

The statistics on the financial performance of various airlines in 2020 and previous years reflect the drastic impact of the COVID-19 pandemic on the aviation industry. Many major airlines globally reported significant losses as travel restrictions and reduced demand led to a sharp decline in revenue. Southwest Airlines, Delta Air Lines, IAG, Ryanair, and others incurred substantial losses, contrasting with their profitable performances in preceding years. Despite challenges, some airlines such as Allegiant Air and Emirates have demonstrated resilience with impressive operating margins and profits. The future outlook for airlines remains uncertain as they navigate ongoing pandemic-related challenges and strive to recover financially.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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