Airlines for America (A4A) reported (21-Aug-2014) an improving profitability among US passenger carriers, which enables them to to invest in their workforce, reduce debt and enhance the customer experience. Nine US carriers collectively reported a net profit of approximately USD3.8 billion in 1H2014, up from USD1.6 billion in 1H2013, which translates to a net margin of 5%. The year-over-year improvement was driven by a 6% increase in operating revenues, which outpaced the 2.2% increase in operating expenses. A4A projects a 2% year-over-year increase in the number of passengers flying on US carriers during the seven-day Labour Day travel period from 27-Aug-2014 to 02-Sep-2014. A4A expects 14 million people will travel via air, up from an estimated 13.8 million in 2013. A4A projects the busiest day of the period will occur on 29-Aug-2014, with carriers adding seats to the marketplace to accommodate the expected increase in demand. [more - original PR]
A4A projects 14 million people to travel via air over Labour Day holiday period
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