Airline Profits Are About To Surge, But Will Airfare Fall?
A report released Wednesday estimates airlines are expected to post a collective global net profit of almost $20 billion for 2014.By Jamal Andress | December 11, 2014
It seems the nosedive gas prices have been taking this year are benefiting everyone, including all your favorite airlines.
The International Air Transport Association released a report Wednesday which estimates airlines are expected to post a collective global net profit of almost $20 billion for 2014. The association thinks that number will rise to $25 billion in 2015.
To be fair, the airline industry hasn't had much place to go but up since 2011, when net profits for the year hit a disturbingly low $4 billion. They've steadily increased every year since.