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19-May-2015 11:06 AM

A4A: US carriers report collective net profit of USD3.1bn in 1Q2015

Airlines for America (A4A) stated (18-May-2015) the 10 biggest US carriers reported a collective net profit of USD3.1 billion in 1Q2015, a 1.1% year-over-year increase over 2014. The carriers include Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Hawaiian Airlines, JetBlue Airways, Southwest Airlines, Spirit Airlines, United Airlines and Virgin America. The carriers' operating revenues increased 3.1% year-over-year in 1Q2015, due in large part to a 3.9% year-over-year increase in the number of air travellers. Wages and benefits rose 10.5% year-over-year in 1Q2015. 1Q2015 capital expenditures for US carriers totaled USD3.6 billion, on track to exceed USD14 billion for FY2015. The 10 carriers are collectively slated to take delivery of 367 new aircraft in 2015. A4A noted, "Despite entering 2015 with approximately $66 billion of debt and coping with another harsh winter, meaningful financial progress enabled carriers to continue significant levels of reinvestment to further enhance operational reliability and the customer experience." [more - original PR]

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