| ||||
For full year 2012, AirlineFinancials.com
LLC projects these seven airlines will collectively report $3.7 billion
in profits from a record $140 billion in revenues. For the first time
since the 1990’s, excluding American, every airline will have annual
profits for at least three consecutive years. American has not reported
an annual profit since 2007.
For
the year, every airline will report record revenues with four of the
seven also reporting record annual profits. Unfortunately for the
industry, these records come with a paltry 2.6% profit margin which is
50% less than industry margins were in the later 1990’s.
Since
2001 –year of the tragic 911 attacks-- in spite of the last three years
of record revenues and profits, the industry has accumulated a
staggering $23 billion in net losses! This compares to $23 billion in
accumulated net profits for the six years prior to 2001.
***
***
Individual airline projections for fourth quarter 2012-
Projections exclude special items and one-time charges
- United (UAL) - $146 million loss from $8.8 billion revenue
- Delta (DAL) - $239 million profit from $8.7 billion revenue**
- American (AAMRQ) - $ 88 million loss from $5.9 billion revenue*
- Southwest LUV) - $ 46 million profit from $4.2 billion revenue**
- US Airways (LCC) - $ 38 million profit from $3.3 billion revenue**
- JetBlue (JBLU) - $ 5 million profit from $1.2 billion revenue**
- Alaska (ALK) - $ 58 million profit from $1.2 billion revenue**
* Reported last week
** Record revenue for fourth quarter
Individual airline projections for full year 2012-
Projections exclude special items and one-time charges
- United (UAL) - $647 million profit from $37.2 billion revenue
- Delta (DAL) - $ 1.7 billion profit from $36.8 billion revenue**
- American (AAMRQ) - $130 million loss from $24.9 billion revenue*
- Southwest LUV) - $400 million profit from $17.1 billion revenue
- US Airways (LCC) - $528 million profit from $13.8 billion revenue**
- JetBlue (JBLU) - $137 million profit from $5.0 billion revenue**
- Alaska (ALK) - $352 million profit from $4.7 billion revenue**
* Reported last week
** Record profit for year
###