US airlines’ profit up $6bn in 2023

US airlines gained $7.8bn in profit in 2023, up $6.3bn from 2022’s $1.6bn net profit. However, the data from the US Bureau of Transportation Statistics showed that the total net profit was still shy of the $14.7bn net profit from US airlines in pre-pandemic 2019. Pre-tax operating profit for the full year was $13.2bn, up from $7.9bn in 2022. Domestic net profit had risen to $4.3bn, up from $1.8bn in 2022. Though, it fell short of reaching 2019’s $11bn. International net income swung to a positive $3.5bn, up from a $300 million loss in 2022. Last year’s international profits were