Gains in Profitability Level Off For US Aviation Sector

摘要

US airlines are concentrating on strong domestic markets to offset weakness on the international side and sustain profitability, boosting jet fuel demand to its highest level in 16 years. Deliveries are running 3.2% ahead of year-earlier rates through June and are on track to average 1.6 million barrels per day for 2016, based on data from the Energy Information Administration. Passenger traffic is expected to climb by 4% this summer as some 231 million passengers take to the skies in the period from Jun. 1-Aug. 30, according to projections from Airlines for America.