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JP Morgan: $13.4 billion record profits for US airlines in 2011

25 May 2010

The US investment bank forecasts a $2.7 billion rise in operating profits for 2011 and raises US Airways’ equity rating.

Read more: JP Morgan US Airways

JP Morgan forecasts an operating profit rise of $2.7 billion to a record $13.4 billion for the US airline industry in 2011. The investment bank says the raise is due to a combination of lower...


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"I'm doing some overbooking. We know that there will always be some cancellations."

John Leahy, chief operating officer, customers, Airbus

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