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Tell me the airlines are making money

Tell me the airlines are making money

Old Jul 13, 2010, 9:56 pm
  #1  
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Tell me the airlines are making money

I fly Continental every week for work. Every flight I'm on is completely full, if not oversold. I know the airlines have scaled back frequency due to the fuel price increase, but I ask myself every time...they must be profitable?

Are they?
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Old Jul 14, 2010, 12:16 am
  #2  
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On the verge, but full planes are obviously no indicator of profitability.
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Old Jul 14, 2010, 7:32 am
  #3  
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Second Quarter Earnings Announcement Expected: ALK has confirmed that earnings will be announced 07/22/2010. With 13 analysts covering ALK, the consensus EPS estimate is $2.08, and the high and low estimates are $2.35 and $1.90, respectively.

Second Quarter Earnings Announcement Expected: LFL Earnings will tentatively be announced 07/27/2010. With 4 analysts covering LFL, the consensus EPS estimate is $0.16, and the high and low estimates are $0.27 and $0.10, respectively.
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Old Jul 14, 2010, 8:41 am
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Originally Posted by BearX220
On the verge, but full planes are obviously no indicator of profitability.
& the debt loads that many airlines have, plus dealing with unions & price of fuel, ugh.
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Old Jul 14, 2010, 8:54 am
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IIRC, SQ has posted profits every year since the SARS scare. Though their accounting rules and degree of state involvement may be fairly different than those which apply to US-based carriers.

As for fuel prices, they have been relatively stable for the past year (between $60 and $80 / bbl). IMHO, if the legacy US carriers cannot turn a profit in Q2 / Q3 2010, there are serious questions as to whether they can consistently turn a profit in ANY economic situation.
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Old Jul 14, 2010, 9:02 am
  #6  
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Originally Posted by greenery-travel
As for fuel prices, they have been relatively stable for the past year (between $60 and $80 / bbl).
There is more to fuel price than bbl costs. JET-A was up 34% in May 2010 v May 2009, according to the folks at BTS.gov. http://twitter.com/TransportStats/status/18443368419

That's a big increase.
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Old Jul 14, 2010, 2:55 pm
  #7  
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Go to any finance web site and look up airlines.

Some stock symbols of well known US-based airline companies:

AAI AirTran
ALK Alaska Airlines
AMR American Airlines
CAL Continental Airlines
DAL Delta Airlines
JBLU Jet Blue Airways
LUV Southwest Airlines
LCC US Airways
UAUA United Airlines
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