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Second worst.(US airline industry reports $2.5 bn profit decline)(Statistical Data Included)
US airline industry suffers a $2.5 billion negative profit swing in the three months to June 30
Bigger definitely wasn't better in the second quarter as far as the US airline industry was concerned. None of the Big Three carriers and only one of the six largest in revenues--Continental--managed a profit for the period. The other three that made money were No. 7 Southwest Airlines, Alaska Air Group and AmTran, parents of the ninth and tenth biggest Majors respectively. They also happen to be airlines that are far less reliant on free-spending corporations for their revenues.
As a group, the 10 Major passenger airline companies posted a net loss to common ...
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