Flights Are Cheaper Than Before COVID. Here's Why Airlines Are Still Making More Money
American Airlines COO Nathaniel Pieper says, nearly 60% of the company's revenue comes from households making $150,000 or more.
Even though plane tickets cost less than they did before COVID, airlines are making more money because richer passengers are flying more and paying extra fees. When you see an airline's earnings, notice if they're getting money from wealthy travelers and add-ons—that tells you how strong their business really is.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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