Surging expenses drive down US airlines’ 1H 2017 earnings

Credit: Rob Finlayson
US airlines’ expenses grew at more than twice the rate of revenue in the 2017 first half, leading to a 23.3% year-over-year (YOY) decline in pre-tax profitability.Airlines for America (A4A) reported that the nine publicly traded mainline US passenger airlines (Alaska Airlines/Virgin America...

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