US major passenger airlines posted a cumulative third-quarter net loss of $578 million, narrowed from a $2.52 billion loss in the year-ago period, ATWOnline calculated. The nine carriers' combined revenue dropped 18% to $28.25 billion while expenses decreased 23.1% to $27.8 billion, producing an operating profit of $450 million, reversed from an operating loss of $1.97 billion for the three months ended Sept. 30, 2008. The quarter's top performer among the majors was Alaska Airlines parent ...

Subscribe to Access this Entire Article

"US majors post $578 million third-quarter loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.