Airlines Report Strong Second Quarter Earnings
Published at
iStock/Thinkstock(WASHINGTON) — The airline industry is making more money after several difficult years during the recession. United Airlines, Delta and American Airlines all reported record second quarter profits, thanks to increased fares and fees.
“It is hard to believe that less than eight months ago, American [Airlines] was in bankruptcy yet today we are reporting record profits, prepaying debt, making additional pension contributions and declaring dividends to shareholders,” said the company’s CEO Doug Parker in a message to employees.
Major mergers could mean less competition on many routes, potentially leading to more fare increases as the economy improves.
A number of other U.S. carriers also posted strong second quarter earnings.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio