Global Airlines Industry's Profits Forecast to be $10.3 Billion in 2013
RDInvesting Provides Stock Research on Alaska Air Group and Southwest Airlines
NEW YORK, NY -- (Marketwire) -- 03/22/13 -- 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 Alaska Air Group, Inc. (NYSE: ALK) and Southwest Airlines Co. (NYSE: LUV).
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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."
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Alaska Air Group is the holding company for Alaska Airlines and Horizon Air, Seattle-based carriers that collectively serve over 90 destinations in the United States, Canada, and Mexico. The company recently reported year-over-year increases in traffic and capacity of 6.2 percent and 5.4 percent, respectively, for the month of February. Shares of Alaska Air Group have soared over 40 percent year-to-date.
Southwest is the nation's largest carrier in terms of originating passengers boarded, and including wholly-owned subsidiary, AirTran Airways, operates the largest fleet of Boeing aircraft in the world to serve 97 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and six near-international countries. For the full year 2012, the company reported a net income of $421 million, compared to a net income of $178 million a year ago.
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