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U.S. Airlines Report Third Quarter 2020 Losses
U.S. scheduled passenger airlines reported a third-quarter 2020 after-tax net loss of $11.8 billion and a pre-tax operating loss of $15.9 billion.
These third-quarter losses are the third consecutive quarterly losses following 27 consecutive quarterly after-tax net profits and 35 consecutive quarterly pre-tax operating profits. One year earlier, in the third quarter of 2019, the airlines reported an after-tax net profit of $4.6 billion and a pre-tax operating profit of $6.4 billion.
Mid-October Airline Employment Down 29,000 from Mid-September
U.S. airlines employed 673,278 workers in the middle of October 2020, 28,790 fewer than in mid-September 2020 and 81,749 fewer than in March 2020. The October numbers consist of 562,570 full-time and 110,708 part-time workers.
U.S. Airlines October 2020 Fuel Use Up 11% from September
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ October Fuel Cost and Consumption numbers.
Air Travel Consumer Report: September 2020 and 3rd Quarter 2020 Numbers
WASHINGTON – The U.S. Department of Transportation today released its November 2020 Air Travel Consumer Report (ATCR) on reporting marketing and operating air carrier data compiled for the month of September 2020. The full consumer report and other aviation consumer matters of interest to the public can be found at http://www.transportation.gov/airconsumer.
September 2020 North American Transborder Freight Up 3.2% from August 2020
Transborder freight between the U.S. and other North American countries (Canada and Mexico) in September 2020:
Total Transborder freight: $96.4 billion of transborder freight moved by all modes of transportation, up 3.2% compared to August 2020 and up 6.0% from July 2020.
Transborder freight value in September was down 4.9% compared to September 2019.
Most-used mode: Trucks moved $63.5 billion of freight, up 4.3% compared to August 2020, down 0.8% compared to September 2019.
Second most-used mode: Railways moved $13.8 billion of freight, down 0.3% compared to August 2020, down 6.9% compared to September 2019.