US PASSENGER AIRLINES' SOLID financial year continued in the third quarter as the 10 largest carriers again kept capacity growth to a minimum and strictly controlled nonfuel costs, reporting an aggregate operating profit of $1.64 billion,
significantly widened from operating income of $241.5 million in the year-ago quarter. The airlines did report a collective net loss of $737.2 million, but the figure was dragged down by bankrupt Northwest Airlines' heavy restructuring costs. Excluding NWA, the other nine companies reported a collective net profit of $441.8 million.
US PASSENGER AIRLINES' SOLID financial year continued in the third quarter as the 10 largest carriers again kept capacity growth to a minimum and strictly controlled nonfuel costs, reporting an aggregate operating profit of $1.64 billion, significantly widened from operating income of $241.5 million in the year-ago quarter. The airlines did report a collective net loss of $737.2 million, but the figure was dragged down by bankrupt Northwest Airlines' heavy restructuring costs. Excluding NWA, ...
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