An analysis is the nine largest U.S. airlines show that the accumulated losses in 2009 was was just over $4 billion. In 2008 losses added down to a $3.5 billion loss. Predictions for 2010 show $2.7 billion of new profits.
A study by AirlineFinancials.com analyzed nine key financial and operational catagories. The full story has the details. Here are some of the highlights.
Operating revenue (total of nine airlines) dropped in 2009 to $106.7 billion from $126.2 billion in 2008. This shows the cutbacks in travel that necessitated the airlines cutback in services.
Every airline had lower operating revenues in 2009.
Market share of passenger miles (total of nine airlines, includes regional affiliates)
In 2009 the nine largest airlines flew a total of 730.7 billion passenger miles. In 2008 the total passenger miles were 768.6 billion passenger miles. This was almost a five percent drop in passenger miles flown from 2008 to 2009.
AirlineFinancials.com after comparing advanced booking data and looking at airline reports of advanced traffic liability concludes that 2010 should be a better year for the airlines than 2009 and that fare yields and revenues should be higher.
Here is a pdf of the study.
Click here for the full article including seven more key financial and operational categories.
Photo: PhilipC from Flickr Creative Commons
Pingback: Tweets that mention How airlines fared in 2009 -- Topsy.com