Money Roundup: Airline Profits Edition

by Michael on Feb 23, 2013

On the way to work yesterday, I heard on the radio that ten of the largest airlines posted a combined total of $152M in profits in 2012. That works out to an average of just $0.21/passenger — about a pack of peanuts away from breaking even.

If this were true, I’d be shocked. But things don’t seem to add up. Consider, for example, that USAir alone (one of the aforementioned ten) had net profits of $537M in 2012, an all-time company record.

I don’t have the time or energy to look them all up, but either there were some real stinkers on the list or the trade group that compiled the numbers used some fuzzy math. They’re lobbying for regulatory and tax relief, so that’s quite possible.

And now… Here are some articles that caught my eye this past week:

That’s it. Hope you’re having a great weekend!

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