US airlines collectively reported approximately $12 billion in pre-tax profit for the first half of 2016, up about 6.2% from $11.3 billion in the 2015 first half, according to Washington, DC-based lobbying group Airlines for America (A4A). The 10 airlines’ pre-tax profit margin for the period was 15.5%, which showed the US airline industry is coming ever closer to “closing the gap to achieve average corporate profitability,” A4A said. In 2015, US airlines had a 14.1% ...

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