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Tuesday, September 16, 2008

Mainlines Losses Grow

DOT just released its second quarter financial report confirming what we already know. The six largest network airlines, as a group, reported an operating loss margin of 6.3 percent in the second quarter of 2008, a reversal from the second quarter of 2007 when the group reported a 9.2 percent profit margin, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS), a part of the Research and Innovative Technology Administration (RITA), reported in a release of preliminary data. Releated Story For a complete report see the next issue of Regional Aviation News.
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