Air travel demand is breaking records. Airline profits are not

In this articleJBLUSAVEULCCLUVAALALKDALUALPassengers pass through O'Hare airport in Chicago, July 3, 2024.Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month.Some airlines have forecast record demand, and in some cases, revenue. But higher labor and other costs have eaten into airlines' bottom lines. To adapt to slower demand growth and other challenges, some ...