Loading
22-Aug-2014 5:50 AM

A4A projects 14 million people to travel via air over Labour Day holiday period

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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More