BTS: profit statistics for US carriers

US scheduled passenger airlines reported a net profit of $7.5 billion in 2014 down, from $12.2 billion in 2013, reports the US Department of Transportation’s Bureau of Transportation Statistics (BTS). As a group, the 27 US airlines that operated scheduled passenger service in 2014 reported an after-tax net profit for the fifth consecutive year. In addition to the after-tax net profit based on net income reports, the scheduled service passenger airlines reported a $14.6 billion pre-tax operating profit in 2014, up from $11.3 billion in 2013. As a group, the airlines reported a pre-tax operating profit for the sixth consecutive