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American, Delta and United are the world's three largest airlines and are projected to account for 97% of the industry's operating profit in the U.S. this year, according to a Deutsche Bank report.
Despite the problems, IATA said it expected the airline industry to hit a historic milestone with revenue of $1.007 trillion next year, up from a projected $964 billion this year.
The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport ...
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
Airline industry watchers see a strong end-of-the-year finish for Delta, United, and American, despite ongoing industry challenges such as higher maintenance costs, increased pilot wages signed ...
The American airline industry has suffered significantly as a result of the terrorist attacks of September 11. The attacks of September 11 dramatically decreased consumer confidence in the airline industry. The airline industry lost more than $330 million each day within the first week of the attack, totaling losses between $1 and $2 billion.
In September 2020, Delta Airlines issued a filing with the US Securities and Exchange Commission and announced that the airline will retire all of their Bombardier CRJ-200 aircraft by December 2023 and both the Boeing 717 and Boeing 767-300ER aircraft types by December 2025 due to concerns of cash flow issues on the types leading to them no ...
Low-cost airlines Spirit, Southwest, Frontier, and JetBlue struggling to turn a profit are scrambling for new strategies and products. ... Spirit's new ticket bundles go on sale August 16 for ...