Great year for US airlines profitability

Airlines for America (A4A) has reported that US airlines have delivered one of their best years ever for operational performance, built on their stellar safety record, and achieved a narrow profit as expenses grew faster than revenues for the second consecutive year. According to the Department of Transportation’s Air Travel Consumer Report, the nation’s carriers achieved the best year for on-time arrivals since 2003, a record-high success rate of 99.7% for baggage handling, the lowest cancellation rate since 2002 and reduced tarmac delays. The 10 US airlines reporting full-year 2012 results to date earned a combined $152 million or 21