国际航空运输协会发布的全球航空业最新财务展望数据显示，2026年，预计中东地区航空公司从每位旅 客获得的利润将是亚太地区航司的9倍，中东航司有望继续保持全球盈利能力最强的区域航司地位。 据阿联酋《海湾时报》报道，国际航空运输协会最新《全球航空运输展望》报告指出，2026年亚太地区 航司的单客利润预计仅为3.2美元（约合22.58元人民币），而中东地区航司的单客利润则高达28.6美元 （约合201.8元人民币）。同时，中东航司的净利润率预计将达到9.3%，显著高于全球平均水平的 3.9%。 报告预测，2025年全球航空公司总收入将达到1.008万亿美元（约合7.11万亿元人民币），营业利润为 670亿美元（约合4727.39亿元人民币），净利润总计395亿美元（约合2787.04亿元人民币），对应每位 旅客的平均净利润为7.9美元（约合55.74元人民币）。其中，欧洲将取代北美，成为航空业利润最高的 地区。 分区域来看，2025年亚太地区航司净利润为62亿美元（约合437.46亿元人民币），同比增长2.3%，单客 利润为3美元（约合21.17元人民币）；欧洲地区航司净利润为132亿美元（约合931.37亿元人民 ...

Core Insights - The global airline industry is expected to achieve net profit growth in 2025, primarily due to a significant decrease in fuel prices, despite ongoing supply chain challenges faced by airlines worldwide, including those in China [1][8]. Financial Projections - The net profit for Asia-Pacific airlines is projected to reach $4.9 billion in 2025, an increase from $4 billion in 2024 [2][3]. - The revenue per passenger for Asia-Pacific airlines is expected to rise to $2.6 in 2025 from $2.3 in 2024 [2][3]. Regional Performance - Asia-Pacific is the largest air passenger market globally, with China accounting for over 40% of the region's passenger volume [4]. - Chinese airlines collectively returned to profitability in 2024, with a total profit of 4.47 billion yuan, although major state-owned airlines reported losses exceeding 6 billion yuan [4][5]. - Private airlines such as Spring Airlines, Juneyao Airlines, and Huaxia Airlines reported profits of 2.273 billion, 914 million, and 268 million yuan, respectively [5]. Challenges and Market Dynamics - The recovery of international routes is crucial for the profitability of Chinese airlines in 2025, as domestic market competition remains intense with oversupply issues [5][6]. - The International Air Transport Association (IATA) highlighted that North American airlines are expected to have the highest profitability, with a projected net profit of $12.7 billion in 2025, while Middle Eastern airlines will have the highest profit per passenger at $27.2 [5][6]. Industry Outlook - IATA forecasts an overall airline industry profit of $36 billion in 2025, driven by a 13% decrease in fuel prices compared to 2024 [8]. - Global passenger traffic is expected to reach 4.99 billion, marking a 4% increase from 2024, while air freight volume is projected to grow by 0.6% to 6.9 million tons [8]. - Supply chain issues, including a backlog of over 17,000 aircraft, are anticipated to persist, potentially affecting delivery times for new aircraft [8][12].