This stagnant growth in efficiency comes as airlines are making record profits driven in most part by low fuel costs.
The sneaker giant's shares tumbled Wednesday after it reported a 22percentt decline in quarterly profits, driven in part by a 3percentt sales decline in North America, its biggest market by far.
The nation's carriers continue to generate healthy profits, driven in part by fees passengers paid to check bags and to change flight reservations as well as by revenue from loyalty reward programs, airline-branded credit cards and commissions for booking hotels and rental cars for fliers.
We talk about the global trends of technology, demographics, and the millenniums (or generation Y) that are pushing companies to shift from solely profit driven to purpose driven in our book Engage!
Meanwhile, Goldman Sachs today reported a 44% rise in second-quarter profit, driven by strength in its investment banking and fixed income trading businesses.
In the headlines this morning, oil giant BP reported a 34% jump in its third-quarter profit driven by the run-up in energy prices.
Wachovia posted a higher fourth-quarter profit driven by record revenue in the company's general bank and wealth management segments, the financial services firm said Wednesday.
Comcast, the nation's largest cable provider and owner of NBC Universal, on Wednesday morning reported a rise in quarterly profit, driven by better-than-expected video and Internet subscriber additions, Reuters reported.
Chesapeake Energy climbed 1.2% in after-hours trading Monday after announcing a surge in first-quarter profit, driven by rising commodity prices.
Logitech, Earth's No. 1 maker of computer mice, posted a forecast-beating 65% rise in third-quarter profit, driven by sales to Sony and new products.
Pfizer, earth's No. 1 drugmaker, posted a 22% rise in first-quarter profit, driven by strong sales across all product lines; but it cautioned that higher costs will hold second-quarter earnings below most Wall Street forecasts.
