Profitability
I have just read that the US carriers…. the legacies have announced their 2nd quarter earnings. This is just for 3 months from April 1 to end of June:
AMR $864 million NET profit
DAL $889 million NET profit.
UAL $789 million NET profit.
This is really unbelievable as it's nearly what EK netted in 12 months.
What is completely perplexing about this is how those carriers are able to accomplish such impressive numbers what with their higher fuel costs,
union paid employees, etc compared to EK which has arguably some pretty favorable elements to it's business model.
K