Airline companies in the United States suffered an after-tax net loss of $225 million in the first quarter of this year following three successive profitable quarters, the Bureau of Transportation Statistics (BTS) said in a June 17 statement.
The recent decline follows a $2.4 billion net profit in the fourth quarter of 2024. On the positive side, this year’s first-quarter loss is lower than that of 2024, when the airlines registered $1.7 billion in net loss.
Both domestic and international operations registered net losses in the first quarter. However, only domestic operations were in the red in terms of pre-tax operating profit.
The BTS statement comes after executives of multiple airlines have raised concerns about economic uncertainty….