There are a few industries where profits and people don't always seem to align well. I certainly worry when McDonalds offers record profit and I take the same line of thinking when it comes to airlines. I care about the passenger experience and unless an airline has discovered solar powered planes and robots to fly them, there are only so many ways you can make more money quarter over quarter. Needless to say, the list of most profitable airlines in quarter three is very amusing...
No. 1 Ryanair 42% Profit.
No. 2 WizzAir 35% Profit.
No. 3 Icelandair 30% Profit.
No. 4 Alaska Airlines 29% Profit.
No. 5 Pegasus Airlines 28% Profit.
No. 6 Spirit Airlines 27% Profit.
No. 7 Spring Airlines 27% Profit
No. 8 Hainan Airlines 26% Profit
No. 9 Allegiant 26% Profit
No. 10 Juneyao 26% Profit
What do a five star airline, a top mileage program and eight airlines who get people from one place to another as cheaply and efficiently as possible have in common? Well, you get the point. I found it absolutely fascinating that Hainan Airlines, which is a SkyTrax five star award winner, offering a substantial business class and modern planes is a top ten most profitable airline this quarter. Wondering where all of your usual airlines are? Most of the large carriers boast between a 16%-22% profit which lands them steadily in the ten through thirty positions. I now know that my ideas for starting an airline are almost doomed from the start. Budget it is!
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