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By the end of next week, AirlineFinancials.com is projecting the seven largest US airlines will have collectively reported $2.0 billion in profits from $37.1 billion in revenue for the recent 2nd quarter. This will be a record for 2nd quarter revenue and the 2nd highest Q2 profit since the 1990’s. This will be the first time since the 1990’s the industry will have a 2nd 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 will also be records for the airline industry and the first time since the 1990’s the industry will have annual profits three years in a row.
Individual airline projections for second quarter 2012-
United – $613 million profit from 10.1 billion revenue
Delta- $609 million profit from $9.7 billion revenue
American- $ 69 million profit from $6.5 billion revenue
Southwest- $257 million profit from $4.6 billion revenue
US Airways- $267 million profit from $3.8 billion revenue
JetBlue- $ 60 million profit from $1.3 billion revenue
Alaska- $116 million profit from $1.2 billion revenue
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
