全球航空业盈利地图曝光，哪里的航司更赚钱?

Core Insights - The International Air Transport Association (IATA) forecasts that by 2026, Middle Eastern airlines will achieve a profit per passenger that is nine times higher than that of Asia-Pacific airlines, solidifying their position as the most profitable regional carriers globally [1][4] - The report predicts that global airline revenues will reach $1.008 trillion (approximately 7.11 trillion RMB) in 2025, with operating profits of $67 billion (approximately 472.74 billion RMB) and net profits totaling $39.5 billion (approximately 278.70 billion RMB) [1][3] Regional Performance - In 2025, net profits for Asia-Pacific airlines are projected at $6.2 billion (approximately 43.75 billion RMB), with a year-on-year growth of 2.3% and a profit per passenger of $3 (approximately 21.17 RMB) [2] - European airlines are expected to generate net profits of $13.2 billion (approximately 93.14 billion RMB) in 2025, reflecting a 4.8% increase, with a profit per passenger of $10.6 (approximately 74.79 RMB) [2] - Middle Eastern airlines are forecasted to achieve net profits of $6.6 billion (approximately 46.57 billion RMB) in 2025, with a 9.3% growth and a profit per passenger of $28.9 (approximately 203.91 RMB) [2] - North American airlines are projected to earn net profits of $10.8 billion (approximately 76.20 billion RMB) in 2025, with a 3.3% increase and a profit per passenger of $9.5 (approximately 67.03 RMB) [2] Future Projections - By 2026, global airline revenues are expected to rise to $1.054 trillion (approximately 74.36 trillion RMB), a 4.5% increase from 2025, with operating profits reaching $72.8 billion (approximately 513.62 billion RMB) [3][4] - The report anticipates that the total net profit will reach a record high of $41 billion (approximately 289.26 billion RMB) in 2026, maintaining a net profit margin of 3.9% [3][4] - Passenger traffic is projected to grow to 5.2 billion, a 4.4% increase, with a load factor reaching a historical high of 83.8% [3] Industry Challenges - The airline industry is characterized by low profit margins, with the average profit per passenger remaining at $7.90 (approximately 55.74 RMB) [6] - Structural challenges include aircraft shortages, with a projected reduction of 5,000 aircraft deliveries over the next decade, and ongoing pilot shortages leading to increased labor costs [6][7] - Geopolitical uncertainties, tariff fluctuations, and energy transition challenges are pressing airlines to enhance operational efficiency and diversify revenue streams [7]