U.S. Airlines Profits Lower In 2011
The U.S. airline industry earned a profit of $390 million in 2011, which is lower than $2 billion projected by the International Air Transport Association (IATA). The 2011 profit also plunged 86% from $2.7 billion earned in 2010. The industry has been struggling with either mounting costs, fuel in particular, or economic uncertainties. The trend, [...]
The U.S. airline industry earned a profit of $390 million in 2011, which is lower than $2 billion projected by the International Air Transport Association (IATA). The 2011 profit also plunged 86% from $2.7 billion earned in 2010. The industry has been struggling with either mounting costs, fuel in particular, or economic uncertainties. The trend, it appears, will continue this year.
Fuel price volatility is the major threat to the airline industry and represents about 35% of total expenses, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards