Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Big Airlines Narrowed Losses in Q4

The top 10 largest airlines, which account for 76.1% of all domestic air travel, lost a reported $145 million in Q4 of 2012, a significant improvement from the prior year's net loss of $602 million, the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported this week.

For the year, the top airlines earned a combined net income of $201 million, compared to a net income loss of $0.50 million in 2011.

American Airlines (UNKNOWN: AAMRQ.DL  ) led the way in the fourth quarter of 2012, reporting net income of $270.8 million, followed by Southwest Airlines (NYSE: LUV  ) , which earned $78.3 million. For the year, Delta (NYSE: DAL  ) topped the list of large airlines, with $1.18 billion in net income, according to the BTS.

For 2012, the 10 biggest airlines generated a total of $159.5 billion in revenues, of which $3.5 billion were baggage fees and nearly $2.6 billion came from reservation change fees. Baggage fees in 2011 totaled $3.36 billion while reservation cancellation/change fees in 2011 were $2.38 billion.

In both the fourth quarter of 2012 and for the year, Delta earned the most in baggage fees, generating $203.05 million and $865.88 million, respectively. Delta also generated the most reservation change fees of the group, earning $184.67 million in Q4, and $778.4 million for the year.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2432878, ~/Articles/ArticleHandler.aspx, 9/25/2016 9:57:12 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
AAMRQ.DL $0.00 Down +0.00 +0.00%
DAL $38.78 Up +0.28 +0.73%
Delta Air Lines CAPS Rating: ***
LUV $37.24 Down -0.09 -0.24%
Southwest Airlines CAPS Rating: ****