Higher fuel prices take bite out of 2018 airline profits

U.S. airlines made a net profit of $11.8 billion during 2018, Bureau of Transportation Statistics data shows. It is the sixth straight year of profit for the industry, but profits are down 23% from 2017, when U.S. airlines cumulatively reported net income of $15.3 billion. The 27.3% increase in the amount airlines paid per gallon […]

Airfares Drop to Lowest Average Price Since 2010

After airlines announced a strong showing in 2015, travelers began to hope for cheaper airfares. Aside from a few limited-time promotions, the kind of rock-bottom fares that were wishing for never materialized. But that doesn"™t mean that flying hasn"™t gotten cheaper. In fact, flights are cheaper than they have been since 2010, according to the […]