When the US takes out air travel, how much does it cost?

Posted June 13, 2020 07:12:57A US Air Force F-16 fighter jet takes off from the runway at the Boeing Company in Everett, Washington, on Sunday, June 11, 2020.

(AP Photo/Carolyn Kaster)A US Navy aircraft carrier steams toward the eastern Atlantic Ocean at the Naval Air Station Jacksonville, Florida, in this handout photo provided by the US Navy.

A US Army F-35 Lightning II aircraft takes off in this military photo provided to Reuters by the United States Air Force.

A United Airlines Boeing 737 takes off at the Chicago O’Hare International Airport in this undated handout provided by United Airlines.

A Boeing 737 is seen as it departs Chicago OHare international airport, the US city of Chicago, June 10, 2020, for an overnight stay at O’hare International Airport.

A Boeing 757 is seen on the tarmac as it takes off to a landing in Santa Ana, California, on June 10.

US President Donald Trump speaks to reporters at the Oval Office at the White House in Washington, DC, on Thursday, June 7, 2020 after meeting with world leaders to discuss global efforts to combat climate change.

An Air Force B-52 bomber is seen parked at Edwards Air Force Base, California on Friday, June 9, 2020 to take part in the annual exercise “Fighter F/A-18 Super Hornet” conducted by the Air Force Academy, during a visit to the base.

Boeing and United Airlines take off from their gate at Reagan National Airport in Washington June 9.

This undated picture provided by Boeing shows an F-15E Strike Eagle fighter jet in the hangar at the Aberdeen Proving Ground in Aberdeen, Maryland, on July 1, 2020.(AP Photo / Boeing)A Boeing 747 aircraft lands at Larnaca Air Base in Greece, Greece, on Saturday, July 2, 2020 for the first flight from Larnacar Airport in Greece.(AP photo/Giorgos Christoulas)An American F-22 Raptor aircraft lands on the runway of RAF Mildenhall, England, on Friday July 2 after a planned flight from Britain’s RAF Mildenham to RAF Waddington in Norfolk.(AP: David Levene)The American Airlines Boeing 747 takes off during takeoff from the Aberdeen Air Show in Aberdeen after a test flight in Scotland, Britain, July 3, 2020 on the opening day of the Airshow.

The British Airways Boeing 737-800 takes off after taking off from Aberdeen Airshow on the day of an Airshow in Aberdeen.

American Airlines Boeing 777-300ER and Boeing 737 jetliner take off on the Boeing 737’s back deck during an annual flight from Frankfurt Airport, Germany, June 14, 2020 in Frankfurt, Germany.

A woman sits inside the Boeing 777 jetliner as it leaves Frankfurt Airport on June 14.

The Boeing 777 is seen arriving at Frankfurt Airport after taking the skies to the skies of the world.(Photo by Michael Probst/Bloomberg via Getty Images)An Air France Boeing 777 takes off for the last time as it arrives at Oudenaarde Airport in Brussels, Belgium, June 15, 2020 ahead of its return to Europe from Paris.

Canadian Airlines Boeing 787-8 and Boeing 767-300 take off at Heathrow Airport in London on June 16, 2020 as the last commercial flights from the U.K. continue to fly to the U: the departure and arrival of the first flights from Heathrow to the United Kingdom, June 16.

Air France Boeing 737Aeroplane takes off on June 17, 2020 from Heathrothes Heathrow airport in London.

British Airways Boeing 797-8 takes off as it is scheduled to leave the airport in Scotland on June 20.

Truck driver Tom Hogg, 73, holds up a piece of equipment to show how the Boeing 727 aircraft will be powered during the flight from Manchester Airport, England to Heathrow International Airport, Britain.(Reuters / Richard Taylor)A United Airline Boeing 737 taxis at Manchester Airport on the last day of its annual summer tour of Britain.

On June 20, 2020 the last of United Airlines 727 planes left Manchester Airport to Heathrows London airport.

Hagg and his son, Michael, hold up a Boeing 777 in the UK to show the flight path from Manchester to Heathrothe.

Michael Hagg and David Hogg pose for a photograph during the last leg of the flight.

David Hogg with his wife, Sue, and daughter, Lizzie, take a photo during their last flight in the Boeing 747-400, Boeing 737 and Airbus A330 to Heathlands London airport.(Photo via Twitter/@UnitedAir)A British Airways passenger holds a sign as they wait to board a United Airlines 777-200 during the return flight from Heathrows Heathrow international airport to London, Britain

US airline industry loses $15.3bn in first quarter, Bloomberg reports

The airline industry is reeling from its first quarter loss of more than $15bn, underscoring a continuing shift away from traditional routes and toward more frequent flights.

The airline industry reported a loss of $5.1bn in the first quarter on a sales-weighted basis, down from $6.6bn in Q1 2015, according to Bloomberg New Energy Finance data.

That compares with a loss rate of 16.1 per cent in the same period last year.

The industry’s losses, which include the $3.9bn in cancellations and the $1.5bn in delayed cancellations, have hurt the sector as it tries to reduce its reliance on short-haul flights.

More:The decline in long-haul revenue was a big drag on the industry, according a Bloomberg New Economy report. 

“The loss of the long-tail was more significant than previously thought,” said Peter D. Shirk, a senior economist at Morningstar in New York. 

The industry also was unable to deliver a significant increase in the volume of air travel and that contributed to a downward trend in passenger numbers. 

Despite the drop in revenue, airline stocks soared in the quarter as investors piled into the sector and its airlines raised prices and other perks.

The biggest loser was American Airlines, which reported a net loss of nearly $1bn. 

American is down 7.3 per cent from its $13.4bn loss in the fourth quarter of last year, according the company’s annual report.

The carrier, which operates the longest routes between Dallas and Los Angeles, is one of the biggest contributors to the growth of American. 

More: The company is looking to refocus its efforts on the long haul, and a focus on connecting people in the US and abroad. 

That will allow the company to invest more in its planes, which could improve its ability to handle an ever-growing number of customers.

The carrier’s CEO, Jim McNerney, told analysts he expects the company will continue to operate the fleet as it continues to evolve. 

He said that in the long run, he expects American to continue to grow.

“Our strategy is not to go back to the way it was in the past.

It’s to do what’s right,” McNersey said in a conference call. 

McNerney also said he expects more flights will be in the offing, as more Americans opt to fly out of the country for business.

“I think that we will see more business from the U.S. as a whole and the U