The 10 largest U.S. airlines that have announced 2012 results earned a profit of $152 million, or 21 cents per passenger, for the year after facing high fuel costs. John Heimlich, chief economist for Airlines for America, said U.S. carriers are "setting up a foundation for a structurally more healthy industry."
A bankruptcy judge has scheduled a hearing for March 27 on the matter of the merger of American Airlines and US Airways. The proposed merger also needs to win approval from U.S. antitrust authorities before it becomes final. The carriers announced the merger last week.
The Federal Aviation Administration is looking at criteria that would allow the 787 Dreamliner to return to flying. Boeing has proposed a fix for the 787 battery issue that includes adding insulation between the battery cells, among other modifications.
US Airways chairman and CEO Doug Parker met with both pilot unions that will represent pilots at the merged US Airways-American Airlines. Additionally, the unions said their leaders met with each other "to affirm our mutual support of the merger between American Airlines and US Airways."
Airlines for America said U.S. airlines improved key performance metrics in 2012. Airlines in the U.S. were superior last year in terms of baggage delivery and on-time arrivals "while continuing their stellar record of safety," said Dan Elwell, senior vice president for safety, security and operations at A4A.