Despite American Airlines (AA) parent AMR Corp. filing for bankruptcy and posting a $2 billion full-year net loss, US major airlines were in the black in 2011 for the second consecutive year. Yes, even including AMR’s massive deficit (which includes $886 million in noncash reorganization charges), the seven largest US airline companies earned $295 million in net income in 2011. Excluding AMR, the remaining six majors earned a healthy $2.27 billion net profit, below their ...

Subscribe to Access this Entire Article

"SOLID PROFITABILITY" 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?

Already registered? here.