The nine largest U.S. passenger airlines reaped 670 million U.S. dollars in net income in the second quarter of this year, said the U.S. Department of Transportation (DOT) in a report on Tuesday. This indicated a strong recovery because it was a 12.8 percent increase over the same period of last year and much better than the previous quarter's loss of 1.72 billion dollars. During the quarter, the United Airlines topped other rivals with 583 million dollars in net income, while American Airlines net lost 263.7 million dollars, according to the report. The top nine airlines also posted an operating profit of 2.3 billion dollars and a 6.0 percent profit margin in the quarter. The United Airlines ranked the first with 583 million dollars in operating profit, while ExpressJet Airlines took the last place with only 4 million dollars. Alaska Airlines enjoyed the highest profit margin of 15.8 percent, compared with ExpressJet Airlines' 0.9 percent, which was the lowest in the quarter. Operating profit is calculated from operating revenues and expenses, and net income may include non-operating income and expenses, nonrecurring items or income taxes, noted the DOT. The nine airlines are Southwest Airlines, Delta Airlines, United Airlines, American Airlines, US Airways, ExpressJet Airlines, JetBlue Airlines, SkyWest Airlines and Alaska Airlines. All told, these nine airlines carried 80.0 percent of U.S. airlines' passengers in the second quarter of 2012.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor