By Teddy Stavetski The airline industry has always been known for being notoriously tough. Its profit margins are razor-thin and can be as low as 1%. This means that if you buy a $300 ticket, the airline is probably only making about $3 in profit. The rest of that money goes to paying for fuel, salaries, ownership costs, government/taxes, maintenance and other costs.
However, flying is also a necessary expense for most people. If you need to travel across the country, flying is about the only option. This makes airlines almost essential in today’s society and could mean that airline stocks might be useful …read more
