Redux: Don’t get too excited about those airline profits

USAirways, which recently emerged from bankruptcy, posted a “profit” last quarter. It’s $13 million in the black included $214 million from the federal government, so this news doesn’t say too much about the airline’s business effectiveness. So call me skeptical when the company’s president says

    “We have made great strides in executing the key elements of our restructuring plan related to increasing revenue, reducing costs and improving liquidity, all against the backdrop of a challenging industry environment”

Continental, Northwest, and Delta are all in the same boat.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community Milepoint.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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