US passenger airlines 3Q net profit down 59% to $3.8 billion

US scheduled passenger airlines made a $3.8 billion net profit in the 2016 third quarter, down 58.8% from $9.3 billion in 3Q 2015, according to the US Bureau of Transportation Statistics (BTS) survey of 25 US airlines released Dec. 12. Total third-quarter operating revenue for US airlines came to...

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