US Airlines Lost $5 Billion In The First Quarter Of 2022

US-based airlines have reported a first-quarter 2022 after-tax net loss of US$5.1 billion and a pre-tax operating loss of $5.2 billion. This compares to an after-tax net loss of $4.2 billion in the first quarter of 2021 and a $2.2 billion loss in the fourth quarter of last year. In the first three months of 2022, US airlines reported operating revenues of $7.9 billion, of which $5.4 billion (71.3%) came from ticket sales and $286 million (3.8%) came from baggage fees.



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