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Major U.S. Airlines Projected to Post Record Revenue and Near Record Profits for Q2
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By the end of next week, AirlineFinancials.com is projecting the seven largest U.S. airlines will have collectively reported $2.0 billion in profits from $37.1 billion in revenue for the second quarter. This will be a record for second-quarter revenue and the second-highest Q2 profit since the 1990s. And this will be the first time since that decade that the industry will have a second-quarter profit three years in a row.
For full year 2012, AirlineFinancials.com is projecting these seven airlines will report $5.8 billion in profits from $141 billion in revenues. This profit and revenue also will be records for the airline industry, as well as the first time since the 1990s the industry will have annual profits three years in a row.
Individual airline projections for second quarter 2012:
*Projections exclude special items and one-time charges
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AirlineFinancials.com LLC is a globally recognized company that provides airline industry data, analysis and consulting services.
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