US: Airlines had second-most profitable year ever in 2017
Airlines scored their second most-profitable year ever in 2017, raking in nearly US$15.5b, the DoT announced Monday. The combined after-tax net profit at 23 airlines improved from the $14b in 2016. But that remained short of the high-water mark of nearly $24.8b in 2015. Fees for checked bags and changing flights contributed nearly 4.6%. The dozen airlines that report fees to the department charged nearly $4.6b for bags and $2.9b for reservation changes last year. Bag fees rose nearly 6%, but change fees were down 1.7%. Another 7.7% of revenue totalling nearly $3.3b included other fees such as for food and drink sales or pet transportation that weren't itemised in the bureau report. The profits came on a record passenger count of 965m for 2017. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-08/general/us-airlines-had-second-most-profitable-year-ever-in-2017
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US: Airlines had second-most profitable year ever in 2017
Airlines scored their second most-profitable year ever in 2017, raking in nearly US$15.5b, the DoT announced Monday. The combined after-tax net profit at 23 airlines improved from the $14b in 2016. But that remained short of the high-water mark of nearly $24.8b in 2015. Fees for checked bags and changing flights contributed nearly 4.6%. The dozen airlines that report fees to the department charged nearly $4.6b for bags and $2.9b for reservation changes last year. Bag fees rose nearly 6%, but change fees were down 1.7%. Another 7.7% of revenue totalling nearly $3.3b included other fees such as for food and drink sales or pet transportation that weren't itemised in the bureau report. The profits came on a record passenger count of 965m for 2017. <br/>
