DALLAS AP – Fewer seats, higher fares and more money from fees may just add up to the highest quarterly profit in three years for the nation’s long-suffering airlines.
When they report third-quarter earnings this week, each of the nine largest U.S. airlines is expected to post a profit, something that hasn’t happened since 2007. Wall Street estimates their combined profit at about $2.4 billion for the quarter. The best third quarter on record for the U.S. airline industry was $3.5 billion in 2007, according to government figures.
