Summer Travel Surge Fails to Boost Airline Profits
Despite record summer travel demand, airlines are reporting disappointing quarterly earnings. Overcapacity in the market has led to discounted fares, affecting profits for major airlines including American, Southwest, United, Delta, Alaska Airlines, and Ryanair. In the first six months of the year, the U.S. Transportation Security Administration (TSA) screened an average of 2.46 million passengers…