Mergers and storms hit airline profits

Four major US airlines report very mixed results

All four of the major international airlines in the US have reported fourth-quarter and full-year results in the last two weeks, but with varying results. Delta Air Lines said that Superstorm Sandy cost the company around $100 million during the quarter. It also recorded a further $231 million in “special items”, resulting in an overall net income of just $7 million – a fall of 418%.
United saw its fourth quarter loss fall to $620 million, much of which was the result of costs attributed to the integration with Continental, which came to $408 million.
US Airways, which is pushing for a merger with rival American Airlines, recorded a fourth-quarter net profit, excluding special items, of $46 million. “We enter 2013 with great momentum and enthusiasm,” said Doug Parker, the airline’s chairman and chief executive.
American Airlines, which has been in Chapter 11 bankruptcy protection since November 2011, posted a net profit of $262 million, helped by $350 million from reorganisation and special items.
TTG Digital


Check Also

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Delta, airlines, United, American Airlines, pay, pilots, bonus, wage, profit share, usa, captains

Airline gives employees $1.1bn

Delta Airlines is being generous, and people working for its competitors are not too happy.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Israel wins using “marketing revolution”

How did Israel achieve a 25% increase in visitors in 2017?

New destinations on show at Matka this week

Trade fair promises exoticism even for seasoned travellers

Hurtigruten to explore distant new lands

Expedition cruises include Northwest Passage and Franz Josef Land