Airline Profit Forecast Cut 7.9% to $11.7 Billion as Demand Sags

Airline Profit Forecast Cut 7.9% to $11.7 Billion as Demand Sags

Sam Hodgson/Bloomberg

Travelers walk through San Diego International Airport. Airlines, which are set to carry more than 3 billion people for the first time, had seen earnings improve following job cuts and restraint in adding seats to chase market share.