Another Profitable Quarter for Airlines

The first quarter of 2016, ended March 31, follows a year of record profits for domestic airlines. In 2015, the industry collectively logged $25.6 billion in after-tax net profit, more than three times the amount reported in 2014.

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How Airlines Are Spending Their Record Profits

How did you spend your $700? That’s how much the average American driver saved at the pump in 2015, according to a report from J.P. Morgan Chase. But everyday consumers weren’t the only ones who saved big in 2015. Lower fuel prices represented a huge windfall for the airline industry.

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