10 largest US passenger airlines reach $3bn third quarter net profit

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US major airline profits held broadly flat in the third quarter, according to the latest Bureau of Transportation statistics. While this of course covers the passenger business, it also notes that air cargo was up – a perhaps surprisingly large  – 9.9% year-on-year for all the 27 airlines which reported, to $782.4m. However, this accounted for just 1.7% of total revenues – while baggage fees accounted for 2.12% of revenues, at $959.8m – reflecting the fact that may reporting airlines are domestic, low cost carriers.