Airlines Save by Cutting Shorter Flights

More than 3,000 trips of less than 500 miles have been dropped

By Nate Wooley, InvestorPlace Writer

Airlines are having a profitable time again. It’s how they’re making money that’s causing some hassles for flyers.

Airlines are saving by eliminating their shorter flights and those  to small and midsize cities, reports the Los Angeles Times. They’re also packing more people into larger jets to minimize wasted seats. Both strategies have served them well. In 2010, the largest airlines reported more than $5 billion in profit compared to a $9.2 billion dollar loss in 2002.

Over the last five years, more than 3,000 flights of less than 500 miles have been eliminated, and 61 airports have reported losing more than half of their carriers. That coincides with industry consolidation that now has five airlines carrying the vast majority of the passengers in the U.S.

The Top 5 airlines by passengers served are:

  1. Delta Air Lines (NYSE:DAL)
  2. United Continental (NYSE:UAL)
  3. Southwest Airlines (NYSE:LUV)
  4. American Airlines (PINK:AAMRQ)
  5. US Airways (NYSE:LCC)

See the Top 10.

More insights and advice on air travel on InvestorPlace:

Article printed from InvestorPlace Media,

©2018 InvestorPlace Media, LLC