U.S. Airline Profits Continue To Decline As Fuel Prices Rise

WASHINGTON—Pre-tax earnings for U.S. passenger airlines fell 27%—down approximately $700 million year-over-year (YOY)—in the first quarter of 2018, as fuel, labor, airport and aircraft expenses outpaced revenue growth, according to an industry overview by Airlines for America (A4A). Washington lobbying group A4A represents six publicly traded U.S. passenger carriers (Alaska Airlines, American Airlines, Hawaiian Airlines, JetBlue Airways, Southwest Airlines and United ...