With jet fuel prices continuing to climb, profitability for US commercial carriers declined in the first half of 2018, according to Washington DC-based Airlines for America (A4A). Pre-tax profit margins fell to 7.2% in 1H from 11.5% during the year-ago period, as fuel expenses increased 31%, airport expenses rose 7.1% and labor costs grew 5.7%. While 1H operating revenues rose 6.5%, operating expenses jumped nearly twice as fast at 11.6%. At 7.2%, US passenger airlines’ profit ...

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