Industry misses revenue record in 2Q2010; Expressjet surges; Jazz Air and Air Canada down
With the mainline and low-cost carrier reporting season drawing to a close, AirlineFinancials.com Founder Bob Herbst said the nine largest carriers reported USD1.86 billion in net profits on USD31.7 billion in revenues, the second highest in history and just shy of 2008’s USD33.3 billion record. Second quarter profits also missed the decade high set in 2007 by only USD8 million.
