US Airlines Seem Immune to the Global Recession

Recent fall in fuel prices will allow US based Airlines to make a profit in 2009 in spite of the Global Recession according to The Plain Dealer of Cleveland Ohio. US Carriers are expected to be profitable based on cheaper fuel, revised route networks and revenue from new fees such as checked bag fees. The Wall Street Journal is also reporting that “US Airlines are enjoying surprising success raising money at a time when other companies are struggling amid the credit crunch”. The International Air Transport Association (IATA) is actually predicting that North American airlines will turn a profit of approximately $300 million compared to a cumulative $2.5 Billion loss forecast for airlines outside the USA.