Airline Profits Grounding As Fuel Prices Take Off - Newschannel 6 Now | Wichita Falls, TX

Airline Profits Grounding As Fuel Prices Take Off

Soaring jet fuel prices are wiping out profits for the nation's biggest airlines. 

United Continental says it lost more than $200 million in the first three months of the year after seeing its fuel bill spike nearly $600 million.  Even  low-cost, high-profit airlines, like Southwest and Jetblue saw earnings barely rise above the break-even point after paying to fuel their planes. 

Carriers have raised tickets prices nearly a dozen times so far this year to offset the rising price of jet fuel.

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