Issue Overview
U.S. airlines aren’t just earning big profits. They’re earning bigger profits, bigger with each successive year. Consider this: In the second quarter of 2011, the industry collectively managed a 6% operating margin. Not bad. But the figure jumped to 9% in Q2 2012. And then 10% in Q2 2013. And during this year’s Q2? 14%, by far the industry’s best result in the post-9/11 era.