In The News

U.S. Airlines Profit $5.5 Billion in Second Quarter 2015

from U.S. Department of Transportation

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.

READ THE ARTICLE FROM US DEPARTMENT OF TRANSPORTATION

Article summary written by U.S. Global Investors.