Airline profits soar to $12.7 billion

[Traderd]

http://www.chicagotribune.com/busin...ne-profits-skyrocket-20140505,0,5467109.story

"The nation's airlines continue to rebound from the recession and the 9/11 terrorist attacks with a report Monday of $12.7 billion in net profits last year, up from $98 million in 2012."

"For 2013, the airlines collected $120.6 billion from fares, $3.3 billion in baggage fees and $2.8 billion from reservation change fees. Fees for food, WiFi service and other onboard extras are not reported separately to the bureau."

"After the terrorist attacks on Sept. 11, 2001, the industry lost a cumulative $55 billion before the nation's airlines started a rebound in 2008 by consolidating carriers, adopting bag fees and cutting less-profitable routes."

"In 2013, the number of flights from the top 26 airlines dropped to 9.1 million, down from 9.3 million in the previous year, according to the Department of Transportation."

"At the same time, the number of passengers grew from 734 million in 2012 to 741 million, according to the federal agency."

 

[DieselDragRacer]

"At the same time, the number of passengers grew from 734 million in 2012 to 741 million, according to the federal agency."

As long as the sheep are willing to pay the outrageous fees, more power to the airlines and I hope you all get fat contracts in return.

 

[waveflyer]

Here's the numbers I saw:

Down $55Billion since 9/11

Have had a few good years, but still down about $40billion and still digging out.

Took $120b in revenue to produce $12.7B in profit

And yet there it is in the headline:

"Profits soar!!"

The reader has to put a lot of two and two together to keep from resenting their ticket price.
God forbid the airline industry be a healthy business and not always operating on the edge of bankruptcy

 

[jonjuan]

Here's the numbers I saw:

Down $55Billion since 9/11

Have had a few good years, but still down about $40billion and still digging out.

Took $120b in revenue to produce $12.7B in profit

And yet there it is in the headline:

"Profits soar!!"

The reader has to put a lot of two and two together to keep from resenting their ticket price.
God forbid the airline industry be a healthy business and not always operating on the edge of bankruptcy

But the industry is not celebrating the robust profits yet.

"It?s worth noting, while finances for the U.S. airline industry are improving, we still lag the S&P 500 average profit margin, and face tens of billions of dollars in debt, which airlines are actively working to pay down," said Jean Medina, a spokeswoman for Airlines for America, the trade group for the nation's airlines.