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U.S. airlines had a healthy third quarter, with a 21.5% increase over last year’s earnings from the same time period according to third-quarter airline financial data released today by the Bureau of Transportation Statistics.
More significantly, it’s the 26th consecutive quarter that airlines have posted an after-tax profit and the 34th consecutive quarter of pre-tax profit, meaning they’ve been making money since at least 2013.
Those profits are mostly due to the golden combination of cheap fuel and a strong economy, according to aviation expert Seth Kaplan.