Airline earnings for third quarter 2010 are the best since deregulation happened in 1978. Delta Air Lines earned $363 million in profit, United Airlines earned $387 million, Continental Airlines earned $354 million, and Jet Blue also had a record quarter.
The airlines were able to accomplish this during weak economic times by raising their prices, cutting their seat capacity and adding ancillary fees for miscellaneous services such as checked baggage.
While the airlines seem to have a history of losing money over time, the current environment has been very good for them. We need to have a strong airline industry for companies to be able to have a reliable air transportation system which they can depend on. Continuous airline bankruptcies and financial instability does no one any good. Corporations, travel managers and travelers should all be happy to see the recent positive airline financial results.