The 10 largest US airlines incurred a $1.07 billion net loss in the first half operating on a net negative profit margin of 1.5%, deteriorating from a 0.4% negative margin in the 2011 first half, according to Airlines for America (A4A). First-half operating revenue rose 8.2% year-over-year, A4A reported. Expenses lifted 9.4%, driven by a 13.1% hike in fuel costs. Speaking to reporters in Washington DC, A4A chief economist John Heimlich said the fragile profitability achieved by US ...

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