According to a statistical release from the Bureau of Transportation Statistics (BTS) , U.S. airlines posted a $4.0 billion after-tax profit in the second quarter of 2025, an increase over the $3.8 billion that was recorded in the second quarter of the previous year. Overall revenue generation was around $66 billion, and expenses were around $61 billion, leading to pre-tax profits of around $5.0 billion. Net margins rose to around 6.1% while operating margins eased to 7.6%.
Domestic airline results weakened, with net margins sitting at just 4.6%, while international markets saw stronger performance, with net margins exceeding 10%. Fares comprised around 75% of overall revenue. The total expense share of fuel fell in relation to 2024, while labor, as a component of overall expenses