Airlines Optimistic for Profitable Summer Despite Cost Challenges

Most major US airlines lost money in the first quarter but expect profitability in the second quarter, citing strong bookings and high fares for the summer season.
Southwest Airlines and American Airlines in particular anticipate a solidly profitable second quarter.
While airlines face rising costs, especially for fuel and labor, revenue from domestic and short-haul international flights is offsetting increased expenses.
Interest in international travel, especially to Europe, is growing rapidly for this summer which should further boost airline profits.
However, airlines continue to grapple with shortages of essential personnel like pilots, air traffic controllers and aircraft.