As Revenues Decline, Labor Will Continue To Hurt Operating Margins
As long as declining revenues hurt the industry, labor will continue have a negative effect on airline operating margins. In 2002, labor costs absorbed 43.9% of total industry revenue, up from 40.6% in 2001 and substantially higher than 34.9% in 2000, according to Standard & Poor's Airline Industry...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
