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Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines ...
The United States has an extensive air transportation network. In 2013, there were 86 airports in the U.S. that annually handled over 1,000,000 passengers each. [ 1] The civil airline industry is entirely privately owned and has been largely deregulated since 1978, while most major airports are publicly owned. [ 2]
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
7 January. Boeing settles with the US Department of Justice to pay over $2.5 billion after being charged with fraud over the Boeing 737 MAX certification: a criminal monetary penalty of $243.6 million, $1.77 billion of damages to airline customers, and a $500 million crash-victim beneficiaries fund. [ 1] 9 January.
July 11, 2024 at 9:31 AM. Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of ...
In some ways, the current problems at Delta are caused by the airline industry’s drive toward ruthless efficiency. “They have cost-cut and cost-cut and cost-cut in recent decades, and this is ...
Airline Fleet size Ref; American Airlines: 952 [19] Delta Air Lines: 947 [20] United Airlines: 924 [21] Southwest Airlines: 814 [citation needed] SkyWest Airlines: 493 [22] JetBlue: 286 [citation needed] Republic Airways: 230 Alaska Airlines: 221 [citation needed] Spirit Airlines: 201 [citation needed] Air Canada: 197 [citation needed] Envoy ...
Here comes the pilot shortage, says long-time airline analyst Helane Becker of Cowen. Airline cancellations aren't the only travel industry problem — try finding 40,000 new pilots [Video] Skip ...