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Top 25 Carriers In Terms Of Net Profits For 2008  
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Posted (5 years 5 months 1 week 17 hours ago) and read 11111 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.

http://www.dailystar.com.lb/article...._id=1&categ_id=3&article_id=104434


"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
7 replies: All unread, jump to last
 
User currently offlineThegreatRDU From United States of America, joined Mar 2006, 2311 posts, RR: 4
Reply 1, posted (5 years 5 months 1 week 11 hours ago) and read 10867 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?---



[Edited 2009-07-21 22:55:33]


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User currently offlineDecromin From United Kingdom, joined Feb 2008, 80 posts, RR: 0
Reply 2, posted (5 years 5 months 1 week 7 hours ago) and read 10688 times:

QF second?? I'd have thought that they were on the brink of collapse, or at least I would if I believed everything I read on this site!  Smile

(Oh, and I realise that this includes JF, but the same thought applies)


User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 3, posted (5 years 5 months 1 week 4 hours ago) and read 10538 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
User currently offlineDLDTW1962 From United States of America, joined May 2009, 393 posts, RR: 0
Reply 4, posted (5 years 5 months 1 week 2 hours ago) and read 10432 times:

So where is the complete list?? I would like to see it. I think it would be intresting.

Chuck


User currently offlineJbernie From Australia, joined Jan 2007, 880 posts, RR: 0
Reply 5, posted (5 years 5 months 6 days 22 hours ago) and read 10218 times:



Quoting DLDTW1962 (Reply 4):
So where is the complete list?? I would like to see it. I think it would be intresting.

My first thought was I wonder if they actually had 25 airlines that made a profit... but many would have been ok through most of 2008, maybe 2009 will be a Top 20?


User currently offlineYegbey01 From United States of America, joined Nov 2003, 1732 posts, RR: 3
Reply 6, posted (5 years 5 months 6 days 4 hours ago) and read 9801 times:

According to MEA's CEO, they will be shortly opening the BEY-BGW route. INitially, it will be 4x per week and becoming daily within 6 months of operation.

well....MEA's fares are not that cheap. My wife and I are flying MEA BEY-ATH later in August and we paid about 400 USD on way for each ticket


User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 7, posted (5 years 5 months 5 days 23 hours ago) and read 9596 times:



Quoting DLDTW1962 (Reply 4):
So where is the complete list?? I would like to see it. I think it would be intresting.

You need a subscription to ATW to see the complete list with its findings.

http://www.atwonline.com



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
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