The results of airline profitability over the most recent 12 months reported are interesting. American and Delta have brought in over $40 billion each in the last year. And by revenue Lufthansa Group (which includes several airlines) is actually bigger than United.
What’s amazing is that airline profits are located primarily in North America, and yet the US airlines claim to be underdogs. The low cost carriers are surging in both the US and Europe. That’s where the threat to the majors lies (not from the Gulf).