Why are European airlines making money?
While U.S. airlines are losing money hand over fist — despite predictions to the contrary — European carriers like Lufthansa, Swiss, British Airways and Air France/KLM are raking in the dough. What’s up with that?
Airline profits keep rolling in
WestJet in Canada reported a $53 million profit and Finnair checked in with a profit of $8.6 million.