Source: Based on various issues of Air Transport World.

The World’s Most Profitable Airlines, 1994-2004

Although the airline industry is characterized by boom-and-bust cycles, the long-term rate of profit in the industry is not impressive.

Copyright © 1998-2008, Dr. Jean-Paul Rodrigue, Dept. of Economics & Geography, Hofstra University. For personal or classroom use ONLY. This material (including graphics) is not public domain and cannot be published, in whole or in part, in ANY form (printed or electronic) and on any media without consent. Permission MUST be requested prior to use.