Don’t Believe Everything You Read: Lower Fuel Prices Aren’t Why U.S. Airlines Are Earning Big Profits

Don't Believe Everything You Read: Lower Fuel Prices Aren't Why U.S. Airlines Are Earning Big Profits

The nation’s largest airlines last week reported ridiculous – for them – first-quarter profits. And it had far less to do with the price of oil and jet fuel than you’ve probably read. Oh, to be sure, a 43 percent drop in the price of a gallon of jet fuel in the first quarter this year vs. the first quarter of 2014 is noteworthy and important.

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