The largest U.S. air carriers started reporting second quarter financial results this week, and the news is looking good.
“June quarter results for the U.S. airline industry are expected to be strong, and we think September’s results could be even better,” said Merrill Lynch analysis Michael Linenberg, in Aviation Week. Merrill Lynch projects the net profit to double to about $1.2 billion, with operating margins of 7.5%.
Linenberg estimated the industry will see a 12% increase in revenues, to approximately USD $29 billion. This is mainly due to a 12% increase in unit revenue and no decrease in capacity. This USD$3.2 billion increase in revenue will more than offset the USD $1.3 billion increase in fuel expense.
Why should you care? If you are interested in a career as a commercial airline pilot, this should reinforce the fact that the industry is getter stronger and stronger — and a great place to consider as an exciting career. Want to know more? CAll Phoenix East Aviation at 1-800-868-4359 and speak to an Admissions Officer.