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"airlines currently make a little money" Your definition of "a little money" and mine are very different. The three largest US airlines ( American, Delta, and
by josephscott 10y ago
"airlines currently make a little money"
Your definition of "a little money" and mine are very different. The three largest US airlines ( American, Delta, and Southwest ) each had net incomes over $2 billion for 2016.
American: $2.6 B
Delta: $4.3 B
Southwest: $2.2 B
- com2kid 10y agoAmerican earner $2.6B on $40.18B of revenue, 6.7% profit margin. Hardly a high margin business.
- TheGRS 10y agoThats actually much higher than I would have thought, I was under the impression they operated on 1% or less margins. Maybe not a great margin, but 2.6 billion isn't anything to sneeze at.
- coredog64 10y agoThere's a longstanding joke in the aviation industry. "It's easy to make a small fortune running an airline. Step 1) Start with a large fortune..."