The 11 US passenger airlines that have reported 2011 earnings posted aggregate net income of $390 million for the year, down 86% from a $2.7 billion net profit in 2010, according to Airlines for America (A4A). Excluding bankrupt American Airlines (AA), which incurred a $2 billion net loss last year (ATW Daily News, Feb. 21), the carriers earned a $2.4 billion net profit for 2011, down 25% from $3.2 billion in net income in 2010 for the 10 carriers. Excluding AA "doesn't at all ...

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