BA From United States of America, joined May 2000, 11153 posts, RR: 59 Posted (5 years 1 month 2 days 6 hours ago) and read 10922 times:
Does anyone have a list of the 25 carriers Air Transport World ranked with the highest net profits for 2008?
I was able to find this article about MEA ranking 18th:
Quote: Lebanon’s MEA ranks 18th carrier in world in terms of net profits
Daily Star staff
Wednesday, July 22, 2009
BEIRUT: The prestigious Air Transport World magazine ranked Middle East Airlines (MEA) the 18th carrier in the world in terms of net profits in 2008. The magazine, which published tables of the leading 25 airlines around the world in terms of size of fleet and number of passengers, said that MEA recorded a net profit of $89.463 million in 2008 ahead of Republic Airways Holding and behind Virgin Blue Airlines.
The US-based Federal Express took the first spot with a net profit of $1.125 billion, followed by Qantas Group with a profit of $931.401 million.
According to the magazine, Delta Airlines was the largest carrier in terms of number of planes with a fleet of 749 aircrafts.
MEA chairman Mohammad Hout told The Daily Star on Tuesday that the results proved that small carriers can survive better than large airlines during a deep economic recession.
“Many large international airlines recorded huge losses due to the global financial crisis. But our company continued to show steady profits despite the relatively small fleet in comparison to other airways,” Hout said.
ThegreatRDU From United States of America, joined Mar 2006, 2310 posts, RR: 4
Reply 1, posted (5 years 1 month 2 days ago) and read 10678 times:
wow nice MEA I would have never in a million years.....that's good though....they are not growing for the sake of growing and they are small so oversight is far reaching unlike the other bureaucracies.....they have their little niche going on too.. um so this is top 25 profitable airlines like you said right where the other 20?---
BA From United States of America, joined May 2000, 11153 posts, RR: 59
Reply 3, posted (5 years 1 month 1 day 17 hours ago) and read 10349 times:
Quoting ThegreatRDU (Reply 1): wow nice MEA I would have never in a million years.....that's good though....they are not growing for the sake of growing and they are small so oversight is far reaching unlike the other bureaucracies.....they have their little niche going on too.. um so this is top 25 profitable airlines like you said right where the other 20?---
It really is quite impressive and shows the poor state of the global airline industry when many of the world's larger airlines are struggling to produce profits..
MEA really has made amazing strides over the years and has become a very efficient well-run airline. It does face increasingly stiff competition in BEY maintaining a roughly 35% market share.
I also read somewhere else that Ethiopian Airlines made the list, but I don't know what rank.
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran