Apple Made More in the Last Quarter Than All the World’s Airlines Together Will Make All Year
Photo Credit: United's app on an iPhone; only one of these brands has profits worthy of envy. United Airlines
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It's hard to imagine other industries, as critical as aviation to our global economies and our modern lifestyles, surviving on these margins.
Even as IATA reports on a period of growth and profitability in the airline industry, the organization’s Director General points out that even the best performance of airlines lags behind strong performance in the tech sector.
“For the airline business, 2015 is turning out to be a positive year,” said Tony Tyler, IATA’s Director General and CEO. “This is clearly evident in the expected record high passenger load factor of 80.2% for this year. The result is a hard-earned 4% average net profit margin. On average, airlines will retain $8.27 for every passenger carried,” said Tony Tyler, IATA’s Director General and CEO.
In a timely comment on the day of Apple’s WWDC Keynote, Tyler puts perspective on this stronger performance, pointing out that, compared to the tech sector, airlines have considerable challenges to overcome to achieve and maintain profitability.
“Apple, a single company, earned $13.6 billion in the second quarter of this year,” he said. “That�
