GENEVA - The International Air Transport Association says 47 major carriers it monitors reported a net profit of US$3.9 billion in the second quarter.
The results contrast with the $881 million net loss posted by carriers a year earlier.
Geneva-based IATA says airlines in North America and the Asia-Pacific region performed best.
The association says European carriers' results were boosted by a $1.3 billion asset sale in the second quarter, without which they would have posted further losses.
IATA said Monday that airlines benefited from stable fuel prices and slowly improving demand over the past months.
