Although it is too early to tell whether the second quarter marked the beginning of US passenger airlines' financial comeback or was merely a brief respite from years of red ink, flat capacity growth and strong demand were enough to overcome $2.10 fuel for at least three months. Following on the heels of a solid first period, the quarter ended June 30 clearly was the industry's best since 2000. For the first time since 9/11, the phrase "net income" appeared far more frequently in earnings reports than "net loss."
Although it is too early to tell whether the second quarter marked the beginning of US passenger airlines' financial comeback or was merely a brief respite from years of red ink, flat capacity growth and strong demand were enough to overcome $2.10 fuel for at least three months. Following on the heels of a solid first period, the quarter ended June 30 clearly was the industry's best since 2000. For the first time since 9/11, the phrase "net income" appeared far more frequently in earnings ...
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