Oneworld has reported revenues of over $850 million for full-year 2010, representing the fastest growth since the alliance was launched.
Revenues grew 34% year-on-year during a period when its members' combined overall passenger revenues grew 2% to $57 billion.
Interline revenues within Oneworld increased by 17% to $2.2 billion.
"Revenues earned by our member airlines from their Oneworld activities have shown remarkable resilience to the recession, bouncing back reassuringly rapidly and robustly from the global downturn," said Oneworld chief executive Bruce Ashby.
Oneworld comprises American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, Lan, Malev, Mexicana, Qantas, Royal Jordanian and S7 Airlines.
Malaysia Airlines is set to join the alliance in late 2012.