Good News for US Carriers/Bad News for Consumers?

Travel Rob 7/26/1412:14 AM

US Airlines are reporting surging profits after a wave of mergers resulting in higher fares,fees and fewer empty seats. Earnings at American Airlines for the second quarter rose 70% . United Airlines rose 68%.

In a letter to employees, CEO of American Airlines stated:

"It is hard to believe that less than eight months ago, American was in bankruptcy yet today we are reporting record profits, prepaying debt, making additional pension contributions and declaring dividends to shareholders."

http://www.startribune.com/business/268495252.html

http://www.menafn.com/10938896...ter-earnings?src=RSS

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Travel RobGumbo Guru

The consumer advocate Chris Elliott has a interesting commentary out today about the

airline mergers and what it means for the steerage class.

http://elliott.org/blog/two-cheers-airline-mergers/

8/23/1410:01 AM

❤️ 0

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