Record numbers of people are flying these days. So why are airline profits plunging? | CNN Business

New York CNN  — 

A record number of passengers are expected to pass through US airports this holiday travel week. You’d think this would be a great time to run an airline.

You’d be wrong.

Airlines face numerous problems, including higher costs, such as fuel, wages and interest rates. And problems at Boeing mean airlines have too few planes to expand routes to support a record numbers of flyers. Strong bookings can’t entirely offset that financial squeeze.

The good news for passengers is they will be spared most of the problems hurting airlines’ bottom

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