Surging Labor Costs Spell Depressed Margins for U.S. Airlines
Moody’s Investors Service sees airline labor costs increasing 19 percent this year.
Based on assumed new labor rates, 2022 saw the highest labor cost as a proportion of revenue in the last three years for most of the U.S. airlines that Moody's rates. (Image: Moody's)
Based on assumed new labor rates, 2022 saw the highest labor cost as a proportion of revenue in the last three years for most of the U.S. airlines that Moody's rates. (Image: Moody's)