23-Mar-2010 2:56 PM
USD2.7 billion profit projected for US airlines in 2010 - Herbst
Analysis
If crude oil stays at or less than USD85 per barrel this year, current profit estimates are likely to be conservative, according to AirlineFinancials.com founder, Bob Herbst. In fact, Herbst said data indicated that the nine largest carriers in the US will post USD2.7 billion in profits on USD120 billion in operating revenue, just USD6 billion shy of 2008 operating revenues.
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