The second quarter of 2015 was a banner period for U.S. airlines, according to the Bureau of Transportation Statistics. Airlines posted an after-tax net profit of $5.5 billion, up from $3.6 billion in the same period last year, a 42 percent increase. The results were compiled from 26 passenger airline companies in the U.S.
Airlines’ operating expenses saw an 8.52 percent decrease compared to the same time last year. Compared to the same time period last year, baggage fees and reservation change fees, up 63 percent and 20 percent, respectively.
Read more about the bottom line results in the U.S. Department of Transportation report.
Article summary written by U.S. Global Investors.