Airline Profits are up, thanks to fares and fees

Posted on: October 19 2010 | Posted in: Latest News
AIRLINES-EARNINGS PREVIEW

By David Koenig

DALLAS — The nine major U.S. airlines are expected to post a combined profit of $2.4 billion for the third quarter, their best showing in three years. Demand for corporate and leisure travel has picked up, but airlines have been disciplined about limiting the number of planes they fly. That way, they can raise fares and waste fewer empty seats. Carriers have also boosted revenue by charging fees on everything from baggage to unaccompanied children.