U.S. Airlines Expecting Big Spring Rebound

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Air Traffic Future
Ted S. Warren/AP
By Philip LeBeau

A brutal winter for U.S. airlines is finally expected to warm up and deliver record passenger levels this spring according to the latest industry forecast.

Airlines for America, an industry trade group that represents the interests of nine domestic carriers, estimates more than 129 million people (2.1 million per day) will take domestic flights in March and April.

Another 17.1 million people are expected to board international flights with U.S. airlines this month and next.

"We attribute the increase in spring air travel to rising U.S. household net worth, an improving economy, and the affordability of air travel," said John Heimlich, Airlines for America vice president and chief economist.

If the forecasts hold up, it will be a much welcomed rebound after a terrible start to the year for airlines crippled by a series of snow storms and bitter cold.

So far this year, more than 78,000 flights have been canceled according to FlightAware.com.

Those cancellations have cost airlines tens of millions of dollars.

Best profits in years
  • 2013: $7.4 Billion
  • 2012: $132 Million
  • 2011: $527 Million
  • 2010: $2.24 Billion
  • 2009: -$2.9 Billion
  • 2008: -$24.5 Billion
Source: Airlines for America

Packed Planes Push 2013 Profits

The rough winter weather which started in December barely put a dent in one of the most profitable years ever for U.S. airlines.

In 2013, domestic carriers made a profit of $7.4 Billion, excluding special charges.

What fueled it was in large part the moderate price of jet fuel.

Meanwhile, the percentage of seats filled on airplanes stayed relatively high and airlines continued to collect several billion dollars in ancillary fees.


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richjack4

"We attribute the increase in spring air travel to rising U.S. household net worth, an improving economy, and the affordability of air travel," said John Heimlich, Airlines for America vice president and chief economist.
Where has this guy been?????? Big surprise this 'economists' views the industry in a slightly biased light. How about an independent assessment! A view from Uncommom Common Sense..........

March 05 2014 at 7:19 AM Report abuse rate up rate down Reply