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Aging Airline Infrastructure When Southwest Airlines canceled more than 15,700 flights during last year’s December holiday season, it pointed to infrastructure problems across the industry.
United has perhaps the biggest post-pandemic rebound story, with its stock up 136% last year. It posted a record profit for the fourth quarter, with adjusted net income of $1.1 billion — up 64% ...
Snagging a low fare on a plane ticket is a great feeling—until you're hit with extra fees. While domestic airfares dropped by 5.8% between April 2023 and 2024, today's budget-conscious travelers ...
The COVID-19 pandemic has had a significant impact on the airline industry due to travel restrictions and a decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many ...
As of May 2020, all InterCaribbean Airways flights to all destinations have been cancelled due to the pandemic. On 24 March 2020, Interjet announced it would suspend all international flights due to the pandemic. [138] The airline also temporarily reduced the salaries of its workers by 50% to further cut down its debt. [139]
American Airlines said that rising costs, including fuel, will dent its upcoming profits. American Airlines makes a drastic cut to profit forecast as fuel prices soar Skip to main content
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.
DALLAS (AP) — American Airlines reported a $1.34 billion profit for the second quarter, boosted by strong ticket sales and a huge drop in the price of jet fuel, and the airline raised its profit ...