Airline Profits Soar

Airline Profits Soar

in Blog

In a recent Los Angeles Times article in the Business Section, it was reported that airline profits are up 64% from the previous year.  National air carriers accumulated a profit of $3.6 Billion in the second quarter with 25% earned from baggage fees or $90 million.  Another $753 million represented revenue for ticket change fees.  American Airlines and US Airways will complete their merger soon creating a mega monopoly of 4 national carriers controlling 80% of the domestic travel.

 

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