Net Profit For US Airlines Hits $5.5bn In Q2 2015

Data released on Monday (September 21) by the US Department of Transportation showed US airlines recorded net income of $5.5bn in the three months to June 2015.

Data released on Monday (September 21) by the US Department of Transportation showed US airlines recorded net income of $5.5bn in the three months to June 2015.

The results for the period are the most profitable US carriers have been since 2007, when they posted a combined $5.9bn net income.

Federal data attributed the rise to fuel costs dropping around 30 per cent year-on-year, passenger numbers climbing 10 per cent and revenues from baggage fees also increasing by five per cent.

The most profitable airline in the second quarter of the year was Delta Air Lines, which posted a net income of $1.5bn, a year-on-year increase of nearly 85 per cent.

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