The forecast growth of the airlines in the United States continues to become reality, fueling the demand for new airline pilots to fly the growing fleets of profitable airlines in this country. The 10 largest US scheduled passenger airlines collectively reported net income of $2.99 billion in the third quarter of 2014, nearly matching (down by 0.5%) the $3 billion in net income the 10 carriers posted in the 2013 third quarter. Total third-quarter operating profit for the 10 airlines was $5.2 billion, up 15% on the $4.5 billion in operating profit the airlines reported in the year-ago quarter.
The figures were released by the US Bureau of Transportation Statistics (BTS) in its quarterly Airline Financial Data report.
The 10 largest airlines in BTS’ study are Delta Air Lines, United Airlines, American Airlines, Southwest Airlines, US Airways, JetBlue, Alaska Airlines, Hawaiian Airlines, Spirit Airlines and SkyWest. According to BTS, these airlines carried 79% of US airlines scheduled service passengers in the third-quarter and accounted for 95.3% of the airlines’ after-tax net profit.
BTS reported a full-year net profit of $12.7 billion for the 26 US scheduled passenger airlines reporting results during 2013. That amount was up—nearly 13-fold—from a collective net profit of $98 million for 2012.