While we're at the height of the summer travel season, things are turning out great for the airlines. The problem is that it's more of a bumpy ride for passengers.
In the 2014 World Airline Awards -- think the Oscars for the airline industry -- Cathay Pacific was rated best airline by fliers. But you have to scroll all the way down to number 46 in the rankings before you find the first U.S.-based carrier: Virgin America.
Meanwhile, although they had a turbulent financial time several years ago, U.S. airlines are now the most profitable in the world.
Barbara Peterson, senior aviation correspondent for Conde Nast Traveler, talks about whether carriers in America have mastered the art of cutting back, but not passing those savings onto their customers.