The BTS reported for the third quarter 2005, that the domestic U.S. passenger airline industry operating margin, represented by 21 selected carriers, declined from a 0.4% profit margin in the second quarter of 2005 to a 2.0% loss margin in the third quarter. The seven largest regional airlines and the seven largest low-cost carriers each reported a domestic operating profit margin while the network carriers reported a smaller loss during the third quarter of 2005 than a year earlier. The group of regional carriers reported a domestic operating profit margin of 7.4% for the third quarter and the low-cost group generated a 2.1% profit margin, while a 2.2% loss margin was reported by the seven network carriers.
AAR acquires Trax to accelerate digital solutions strategy
Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments: