Geneonthe mileage millionaire

Delta, American, and US Airways report Q3 profits

Delta, American, and US Airways all reported third quarter profits this morning. 

This is great news for all of you mileage millionaires since those miles represent unsecured loans to the airlines, and since higher profits mean a lower chance of default on those loans.  Of course, given that higher profits also mean that we are all paying more for our revenue tickets, this is not necessarily great news for everyone.

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Comments

#1
Mike October 20, 2010 at 07:50 pm

given that higher profits also mean that we are all paying more for our revenue tickets, this is not necessarily great news for everyone.

There's the trick. Airfares this summer and into fall have been noticeably higher. It's obvious that the capacity cuts over the past 18 months have finally gotten the supply side of the equation right. Ah well, it was fun while it lasted.

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