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Nation’s airline profitability expands in second quarter

A Bureau of Transportation Statistics report said Monday the combined profit of 26 U.S. scheduled service passenger airlines was $5.5 billion, up from $3.6 billion in the second quarter of 2015.
A Bureau of Transportation Statistics report said Monday the combined profit of 26 U.S. scheduled service passenger airlines was $5.5 billion, up from $3.6 billion in the second quarter of 2015. AP

The U.S. airline industry saw its profits expand in the second quarter of 2015, according to a report Monday from the federal Bureau of Transportation Statistics.

The report said the combined profit of 26 U.S. scheduled service passenger airlines was $5.5 billion, up from $3.6 billion in the second quarter of 2015.

It was the ninth consecutive quarter that the group of airlines reported an after-tax profit.

Operating revenue was $43.9 billion in the second quarter of 2015, and operating expense was $35.8 billion. The operating expense during that period included $7.9 billion in fuel and $11 billion in labor costs.

The report said airlines collected $962 million in baggage fees and $773 million from reservation change fees in the second quarter of 2015.

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