As many of the nation's airlines prepare to announce their latest losses, there's a twist: Expectations are that the worst may be over for the industry.
Airline analysts are anticipating that more airlines will continue to improve their bottom lines this year, with at least one saying the industry may near break-even status.
The reasons are many, including that the cuts airlines made should help their bottom lines. Those reductions were spurred in part by rising fuel costs. Some airlines also faced intense competition from low-fare carriers.
The result has been a turbulent time for the business, with several major carriers winding up in bankruptcy court, but the changes are leading to leaner airlines.
Houston-based Continental Airlines, which avoided bankruptcy court during the recent downturn, is expected to be among the airlines poised to return to annual profitability.
Article
Airline analysts are anticipating that more airlines will continue to improve their bottom lines this year, with at least one saying the industry may near break-even status.
The reasons are many, including that the cuts airlines made should help their bottom lines. Those reductions were spurred in part by rising fuel costs. Some airlines also faced intense competition from low-fare carriers.
The result has been a turbulent time for the business, with several major carriers winding up in bankruptcy court, but the changes are leading to leaner airlines.
Houston-based Continental Airlines, which avoided bankruptcy court during the recent downturn, is expected to be among the airlines poised to return to annual profitability.
Article
