On Thursday, American Airlines revealed its numbers for the second quarter of 2021, posting its first profit since the beginning of the pandemic. Specifically, the Fort Worth, Tex.-based carrier totaled a $19 million net profit, boosted by funds via the U.S. government's Payroll Support Program - PSP. The Numbers During the second quarter of 2021, American Airlines accumulated $7.748 billion in revenue, led by $6.545 billion in passenger revenue from a rebound in domestic travel. Compared to the second quarter…
Whilst the passenger side of the airline industry continues to struggle due to COVID-19, cargo carriers have continued to see increased demand. Atlas Air Worldwide Holdings, the parent company of airlines such as Atlas Air and Southern Air announced a profit in their third-quarter results. The New York-based holding company…
All of the four major U.S. airlines have released the figures for their 2019 profit-sharing, each doling out hundreds of millions of dollars to employees across their networks. This year's announcement continues the streak of 'giving back' as the airlines — publically and proudly — reward employees for their role…
United Airlines reported a record share price on Friday with the value of its stock breaking the $90 mark for the first time. The value of the company has risen an incredible 33 percent this year, a greater increase than Delta, up 3.5 percent, and American Airlines which has seen…
Looking across the U.S., it's common to see carriers cancel unprofitable routes in order to move aircraft to more popular and profitable routes. Whether it is a single route or the dismantling of an entire hub, carriers are not shy about doing what they can to maximize their profits. However, the…
Northeastern United States Enters Recovery Mode After a long battle with Winter Storm Jonas, many airports in the Northeast corner of the U.S. will be recovering from the cancellations that they have been plagued with over the past several days. Crews will be on the ramps, taxiways, and runways constantly…
Delta Air Lines announced in a press release Friday morning that it’s employees will receive a total $1.1 billion payout as part of their profit sharing program. This will be the fifth consecutive year the airline rewards it’s employees, on top of being the largest payment in the programs history.…
