The latest airline business global air carrier rankings reveal a dramatic turnaround from 2007 industry' performance. In fact, 2007 was one of the most profitable ever, contrasting with last year' results estimated to be among the worst, even worst than the post 9/11 downturn. Total revenues increased by 8.6 per cent, due to growing ancillary revenues (charges for checked bagage, premium seating, soft drinks), the decrease observed in oil prices, that significantly impacted their fuel bill, and capacity reductions. This shining picture in the revenue side did not prevent the airlines to net loose about $32,2 billions, which is worst than post 9/11 crisis. Lufthansa was the most profitable airline ($880 millions net profit). Delta Airline suffered the heavist losses with $8.9 billions due essentially to strategic errors in fuel hedging options.
Source: Airline Business, Daily Travel news
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