Economics, employment, and finance
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.
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.
U.S. Airlines September 2020 Fuel Use Down 9% from August
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ September Fuel Cost and Consumption numbers.
Second Quarter 2020 Air Fare Drops to New Low as Passenger Numbers Decline
U.S. domestic air fares declined in the second quarter of 2020 to $259, the lowest inflation-adjusted quarterly air fare in Bureau of Transportation Statistics (BTS) records dating back to 1995. The previous low was $334 in the first quarter of 2020.