The Daily Stat: Why the High Air Fares? Don't Blame High Profits

 

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June 06, 2014 Why the High Air Fares? Don't Blame High Profits In part because of high fuel costs, the global airline industry's average net profit margin comes to less than $6 per passenger, according to figures released by the International Air Transport Association and reported in the Wall Street Journal. Other factors reducing airlines' margins are a slump in air cargo and slack growth in high-margin business travel. In response, airlines are purchasing more fuel-efficient planes, slowing capacity growth, and packing aircraft more tightly than ever. SOURCE: Airlines Make Just Enough to Pay Their Jet-Fuel Bills

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