Thread: More are travelling to Brazil??? Airline Companies are earning!

Southern Dynamism

Latin American carriers are expected to do well this year with earnings of $700 million and an EBIT margin of 3.6%, slightly above the global average of 3.4%, although this would be down from expected earnings of $1.2 billion and a 5.3% EBIT margin in 2010. The airlines definitely are playing above their weight in terms of leading industry trends such as cross-border mergers. At the recent Latin American Airline Assn. (ALTA) Latin Leaders forum in Panama, Avianca-TACA Chairman Roberto Kriete said that five airline groups (Aeromexico, Copa, Gol, LAN/TAM and Avianca-TACA) dominate the region, accounting for 75% of all flights.

wooh.. that's a lot of earning! Hope this year will be a great year for them.. More increase! More earnings!

Really? Wow. I thought the world was in a recession right now? Hmmmm.... I am so glad you feel the glass is half full instead of half empty! Just curious as to where you are getting these figures though. :-)