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airline profitsCNBC
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79% Informative
U.S. airlines have ramped up capacity, flying about 6% more seats in July than they did in July 2023 .
But higher labor and other costs have eaten into airlines' bottom lines.
Some airlines have forecast record demand, and in some cases, revenue.
Delta , the country's most profitable airline, reports on July 11 .
Spirit , which is struggling with the fallout from a judge's ruling that blocked JetBlue from buying the airline, and is the most affected by the Pratt engine grounding, last week warned some 200 pilots they could be furloughed this year , according to the pilots union. At Spirit 's annual shareholder meeting in June , CEO Ted Christie brushed off suggestions that Spirit is considering filing for Chapter 11 bankruptcy protection, with a more than $1 billion debt payment due in September 2025 ..
VR Score
89
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95
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