Airlines for America (A4A) announced that the largest U.S. airlines earned a combined $390 million in 2011 or less than half a penny on every $1 of revenue generated for the year. Following more than $50 billion in losses accumulated in the preceding 10 years, A4A said this second consecutive year of meager profits underscores the need for a National Airline Policy that would help rationalize the industry’s regulatory and tax environment, improve infrastructure and ensure that U.S. airlines can compete globally.Unveiling details of its proposed National Airline Policy today, A4A said changes are needed to foster growth and sustained profitability, which will enable airlines to maintain good-paying jobs and service to communities, and to invest in their products.
“We have an opportunity to build on the industry’s strong safety and operational performance and the recent passage of a long-term FAA reauthorization bill,” said A4A President and CEO Nicholas E. Calio. “The commercial aviation industry creates more than 10 million good-paying U.S. jobs and drives more than $1 trillion in annual economic activity, and can do more to enable American businesses to connect to global markets if the government takes a holistic approach that addresses the fundamental tax, regulatory and infrastructure challenges that consistently undermine this industry in the United States.”
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