Major USA Airlines Report Over $6.18 Billion In Losses In 2nd Quarter; Southwest Airlines Reports A Profit Of $321 Million
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Last Updated: August 12, 2008
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Southwest Airlines was the only major USA airline to report a
profit for the 2nd quarter of 2008 (April through June).
 Southwest was smart, by
locking in 70% of their fuel at less then .55 cents a barrel. Plus, when it
comes to airfares, Southwest is the price setter. As we enter the fall,
Southwest will continue to have the advantage for not charging so many fees.
United Airlines was at the top of the list for losing $2.73
billion. American Airlines reported a loss of 1.45 billion. American Airlines
took a big hit in April when government inspectors shut down over 3,000 American
Airlines flights and stranding over 300,000 passengers.
Continental Airlines numbers were very impressive, even though
they lost $3 million.
Here is a list of the total dollars lost by the major airlines
for the 2nd quarter 2008.
Major USA Airline
|
2nd Quarter 2008
Profit |
2nd Quarter 2008
Loss |
| Southwest Airlines |
$321 million |
N/A |
| United Airlines |
N/A |
$2.73 billion |
| American Airlines |
N/A |
$1.45 billion |
| Delta Airlines |
N/A |
$1.04 billion |
| US Airways |
N/A |
$567 million |
| Northwest Airlines |
N/A |
$377 million |
| Alaska Airlines |
N/A |
$14.1 million |
| Jet Blue |
N/A |
$7 million |
| Continental Airlines |
N/A |
$3 million |
| Air Tran Airways |
Report Due
Today 07/29/08 |
Report Due
Today 07/29/08 |
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