2 ms·
I have a friend who's obsessed with all things airlines, and he insists that airlines were losing money on ticket sales all through the'90s and '00s, and that a
by neutronicus 16y ago
I have a friend who's obsessed with all things airlines, and he insists that airlines were losing money on ticket sales all through the'90s and '00s, and that all their profits came from selling frequent flyer miles to credit card companies, who could use them as incentive to spend money.
Given the financial collapse, I wouldn't be surprised if the airlines are hurting and need to pull money from somewhere.
- snsr 16y agoAirline profits for 2010 were $2.5b in the black. http://www.economist.com/blogs/gulliver/2010/06/airline_profits http://www.economist.com/blogs/gulliver/2010/06/airline_prof...
- ojbyrne 16y agoWhich was probably all due to baggage fees. In fact that graph shows $2.5 billion in baggage fees charged in the US alone (your articles shows $2.5 billion worldwide, and I bet most of it is in the Asia-Pacific region). Airlines had been steadily losing money from 9/11 up to 2009, except for a few low-cost carriers.