The AirlineRatings.com website listed both a top 10 and a low-cost top 10, made up from the staff’s review of the 449 airlines they monitor. The two U.S. carriers that made the top 10 list of low-cost carriers are Alaska Air Group Inc. (NYSE: ALK) and JetBlue Airways Corp. (NASDAQ: JBLU). Other global low-cost carriers on the list, in alphabetical order, include Aer Lingus, Icelandair, Jetstar, Kulula.com, Monarch Airlines, Thomas Cook, TUI Fly and Westjet.
Among the legacy carriers the top 10, in alphabetical order, were Air New Zealand, British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, EVA Air, Finnair, Lufthansa and Singapore Airlines. The U.S. legacy carriers American Airlines Group Inc. (NASDAQ: AAL), Delta Air Lines Inc. (NYSE: DAL) and United Continental Holdings Inc. (NYSE: UAL) all posted the highest possible score (7 of 7 possible stars). Four other U.S. carriers that do not fly foreign routes scored 5 of 5 possible stars: Allegiant Travel Co. (NASDAQ: ALGT), Southwest Airlines Co. (NYSE: LUV), Spirit Airlines Inc. (NASDAQ: SAVE) and Frontier Airlines.
All these carriers have maintained a fatality-free record for at least the past 10 years and meet the other ratings points that AirlineRatings.com has established. It is worth noting that a star may be deducted from an airline’s safety rating if it flies only Russian-built aircraft or if a governing country has grounded the airline’s fleet for safety reasons at any time in the past five years.
2014 was not a particularly good year for airlines safety. The disappearance of Malaysian Airlines flight MH370 with 227 passengers and crew; the loss of another Malaysian Airlines flight over Ukraine that cost the lives of 298 passengers and crew; and the crash of an AirAsia Indonesia flight with 162 lives were responsible for 787 deaths. According to the International Air Transport Association (IATA), these three disasters alone claimed more deaths than all the lives lost in 2010 and nearly four times the number of lives lost in 2013.
The IATA has not compiled 2014 data yet, but the 2013 all-accident rate calculated as the number of accidents per million flights was 2.23 for the industry as a whole and 1.57 for IATA member airlines. There were 36.4 million flights recorded in 2013.
ALSO READ: The Bullish and Bearish Case for Boeing in 2015
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.