This year the global aviation industry profits or down nearly 8

Held at the 67th Annual Meeting of the 6th IATA IATA announced that lowered this year's global airline industry profit forecast to $ 4 billion, which compared with a profit last year, the airline industry $ 18 billion in earnings, a decline of up to 78 %. IATA also urged Europe to abandon from 2012 international aviation into its Emissions Trading Scheme (ETS) program.

     "Disorders, punitive measures will not only distort the market area, will undermine global efforts to reduce emissions, the EU emissions trading scheme unilaterally entirely cash of $ 1.5 billion in a move." IATA director and chief CEO Giovanni Bisignani said that Europe's short-sighted for the reduction of no benefit, he hoped governments attach great importance to the role of a catalyst for economic aviation, aviation stop levying taxes.

     Currently, the consensus reached by IATA and the aviation industry was 2020, with an average of 1.5% per year to tackle climate change by improving fuel efficiency; from 2020 through carbon-neutral growth in net emissions cap and in 2050 will reduce net emissions to 50 percent in 2005 net emissions levels.

     In 2011, the global aviation industry revenue is expected to reach $ 598 billion, but the profit margin of only 0.7%. Bisignani analysis, Japan's natural disasters, political unrest in the Middle East and soaring fuel prices led to sharp decline in industry profits expected this year, an unprecedented combination of the impact of the aviation industry to make a profit this year is expected to highly variable.

     Over the past decade, the airline carried out a large-scale restructuring, non-fuel cost reduction of 9%, 24% improved fuel efficiency, labor productivity increased by 67%. Efficiency coupled with stable global economic environment inhibits influence oil prices, but the airline industry profit margin of 0.7% is minimal, very fragile to withstand shocks.

     Aviation fuel costs this year, mainly due to lower earnings expectations. Currently, the average international oil price of $ 110 per barrel, higher than previously estimated $ 96 a barrel, an increase of 15%. While oil prices rose $ 1, airlines will face increased costs of $ 1.6 billion.

     It is estimated that 50% of the industry due to fuel demand in 2010 has been the price level of hedging, so the net cost of the fuel industry will rise $ 10 billion, reaching $ 176 billion. Currently about 30% of the cost of fuel cost airlines, while in 2001, only 13 percent of fuel costs.

     Asia-Pacific airlines are expected to be profitable this year, $ 2.1 billion, more than in other regions topped the list, but the results will be significantly lower than the level of profitability in the region $ 10 billion in 2010. For a 40-year history of the net rate of return of only 0.1% of the industry, continued profitability will be a biggest challenge.