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 $44.4 billion, down 1.8% from $45.2 billion in 3Q 2015. Operating expenses totaled $37.2 billion, up 2.2% from $36.4 billion last year. Total operating profit was $7.2 billion, down 17.9% from $8.2 ...

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