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World's Most Profitable Airlines 2009  
User currently offlineOD-BWH From Canada, joined Jan 2002, 406 posts, RR: 2
Posted (6 years 8 months 3 weeks 1 day 10 hours ago) and read 14892 times:

Does anyone have the full list of this years most profitable airlines? I know 3 rankings so far, not sure if they're correct though.

1. Air Arabia
18. MEA
25. Ethiopian

I tried to google this, but in vain.

A300, A319, A320, A321, A332, A333, A343, A346, A388, B734, B738, B744, B772, B773, B788, F70, MD11, CRJ700
2 replies: All unread, jump to last
User currently offlineBA From United States of America, joined May 2000, 11200 posts, RR: 57
Reply 1, posted (6 years 8 months 3 weeks 1 day 10 hours ago) and read 14864 times:

These are for 2008, and the most profitable airline was FedEx followed by Qantas.

Check this thread for more details:

Top 25 Carriers In Terms Of Net Profits For 2008 (by BA Jul 21 2009 in Civil Aviation)

The full list is in Air Transport World's July issue.


"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineVV701 From United Kingdom, joined Aug 2005, 8668 posts, RR: 25
Reply 2, posted (6 years 8 months 3 weeks 1 day 9 hours ago) and read 14743 times:

It is possible that the most profitable airlines for 2008 were and for 2009 will be those airlines that took what has turned out to be the best (or most lucky) view on the likely price of oil. So BA who hedged 70 per cent of their 2009 fuel needs at a price equivalent to $71 a barrel - almost exactly the current price - should come out near the middle of the list for 2009.

The 2009 winner should be the airline that hedged most of its 2009 fuel requirements back when the price of oil fell to just above $30 a barrel very early this year. The real losers will be those airlines that hedged their fuel needs for 2009 back just over a year ago when crude was $147 a barrel and most "experts" were predicting $200 oil round the corner.

I do not think that in the vast majority of cases the profits reported for either 2008 or 2009 will reflect whether or not the airline was operationally well run. In some cases we will have to hope that the losses made by those airlines who took what has turned out to be a wrong view on the oil price will manage to survive the resulting shock and live to fly another day.

A further thought looking further into the future. If the world is still in recession but the oil price has rebounded from a low of just above $30 to more than double in reaching today's price of $72 what will happen when the world economies return to sustained growth?

Will oil go back to $100, accelerate to $200 or balloon to $300 a barrel. If I was in the fuel buying department of a major airline I might go for the $300 price. But if I did the price would probably collapse to $40 over the following month or two.

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