Expenses for US carriers outpaced revenues in the third quarter, driving industry-wide profitability to its lowest levels since 2014, according to Airlines for America’s (A4A) latest year-to-date (YTD) operational and financial results, released Nov. 14. Industry-wide pre-tax profit margins dropped to 8.2% for the first nine months of the year, compared to 12.1% in 2017, and 15.5% in 2016. Total operating expenses were up 12% year-to-date (YTD), as US airlines came under cost ...

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