US airlines post lower profits in Q1
After posting record-high profits last year, US airlines made US$4.6b less in Q1 of 2016 than the previous period, according to the DoT’s Bureau of Transportation Statistics. Passenger airlines reported a net profit of $3.1b in Q1, down from $7.7b in Q4 of 2015. But profits are about the same as Q1 of 2015, which tends to be a less busy travel period. Total operating revenue from January to March was $39b, with 74% coming from fares. Operating expenses during that time frame were $33.4b, with fuel costs accounting for $5.4b, or 16.1%. Air carriers collected nearly $947m in baggage fees in Q1 of 2016, up $100m from the same time period last year. Airlines also took in $745m in reservation change or cancellation fees in Q1. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-21/general/us-airlines-post-lower-profits-in-q1
https://portal.staralliance.com/imagelibrary/logo.png
US airlines post lower profits in Q1
After posting record-high profits last year, US airlines made US$4.6b less in Q1 of 2016 than the previous period, according to the DoT’s Bureau of Transportation Statistics. Passenger airlines reported a net profit of $3.1b in Q1, down from $7.7b in Q4 of 2015. But profits are about the same as Q1 of 2015, which tends to be a less busy travel period. Total operating revenue from January to March was $39b, with 74% coming from fares. Operating expenses during that time frame were $33.4b, with fuel costs accounting for $5.4b, or 16.1%. Air carriers collected nearly $947m in baggage fees in Q1 of 2016, up $100m from the same time period last year. Airlines also took in $745m in reservation change or cancellation fees in Q1. <br/>
