Lower airline fuel costs reduce U.S. airlinesâ operating expenses, increase net profits">Lower airline fuel costs reduce U.S. airlinesâ operating expenses, increase net profits
(Fri, 17 Feb 2017) Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for U.S. passenger airlines. According to the U.S. Department of Transportationâs Bureau of Transportation Statistics (BTS), U.S. passenger airlinesâ collective net profit increased to $25.6 billion in 2015, up from $7.5 billion in 2014.
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