More airlines swing to losses on fuel prices
Tuesday, July 22, 2008
Jetphotos.net Aviation News
The losses keep piling up for airlines, as three of the nation’s biggest carriers said Tuesday high fuel costs overwhelmed higher revenue in the quarter that ended June 30:
- United Airlines (Chicago) posted the biggest loss – $2.73 billion or $21.74 per share. United also expanded the number of jobs it plans to eliminate by the end of the year from 3,800 to 7,000.
- US Airways (Phoenix) rolled up a $567 million loss – $6.16 per share. Revenue rose 3 percent, but CEO Doug Parker also pointed to soaring fuel costs for most of his company’s financial woes.
- jetBlue Airways (New York) posted the smallest loss – $7 million or 3 cents a share, as revenue climbed 18 percent. JetBlue will shut down its operations in Ontario, Calif., because of rising costs.
Tuesday, July 22, 2008
Jetphotos.net Aviation News
The losses keep piling up for airlines, as three of the nation’s biggest carriers said Tuesday high fuel costs overwhelmed higher revenue in the quarter that ended June 30:
- United Airlines (Chicago) posted the biggest loss – $2.73 billion or $21.74 per share. United also expanded the number of jobs it plans to eliminate by the end of the year from 3,800 to 7,000.
- US Airways (Phoenix) rolled up a $567 million loss – $6.16 per share. Revenue rose 3 percent, but CEO Doug Parker also pointed to soaring fuel costs for most of his company’s financial woes.
- jetBlue Airways (New York) posted the smallest loss – $7 million or 3 cents a share, as revenue climbed 18 percent. JetBlue will shut down its operations in Ontario, Calif., because of rising costs.



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