For airlines, it ain't easy making a buck. In fact, even a penny is out of reach.
Airlines for America, a trade association for major U.S. carriers, says the industry earned less than half a penny in profits for every $1 of revenue generated during 2011.
The poor financial performance wasn't a fluke. Over the past decade, airlines have lost a collective $50 billion.
On Tuesday, the trade group said something has got to change. Association CEO Nicholas Calio sat down with journalists to explain a new industry push for a "National Airline Policy."