The nation’s airlines, which began 2008 suffering under high fuel prices and ended by slashing capacity as the global economy weakened, are hoping for a smoother ride in 2009.
The industry has lost money lately, but many analysts predict this year could be profitable as airlines operate fewer, but fuller, planes.
Carriers begin reporting fourth-quarter and full-year 2008 financial results this week, with United and American airlines kicking off earnings season today. Both are expected to post losses.
Houston-based Continental Airlines is scheduled to release earnings next week, when it too is expected to be in the red. While Continental and Southwest airlines dominate Houston air traffic, there are nine mainline carriers that serve the two main airports. More... Discount Cigarettes & Tobacco - Flight Tracker: Track Any flight - Priority Bags: No More Lost Luggage