U.S. airlines’ Q1 financial performance improves over Q1 of 2012

07/1/2013 | Air Transport World

The 10 largest U.S. airlines reported improved financial performance for the first quarter of 2013 when compared to the same period in 2012. The carriers reported a combined net loss of $433 million, a significant improvement over the $1.72 billion net loss for Q1 in 2012, according to statistics from the U.S. Department of Transportation. Operating expenses for the quarter were $33.7 billion, with $9.6 billion going toward the cost of fuel. The operating profit margin for the airlines was $438 million, or 1.3%, up from 2012’s first quarter margin of 0.7%.

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