Issue Overview

Looking Back, Looking Ahead: The top 10 developments in 2013—and what to watch in 2014

American

Looking Back, Looking Ahead: The top 10 developments in 2013—and what to watch in 2014

December 16th, 2013 at 12:45 PM EST
1 min read

Issue Overview

Overall, 2013 was the global airline industry’s best year since 2010. There was modest economic growth. Passenger traffic grew strongly. Fuel prices were relatively stable. And cost discipline prevailed. But that’s oversimplifying. In reality, much of the overall success came from just North America, where four airlines—American (including US Airways), United, Delta and Southwest—accounted for 43% of the entire worldwide industry’s net profits during the first nine months of the year (among airlines that report quarterly results—i.e., most of them). The story was different elsewhere.

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