US Airways, Delta and American Airlines Post Strong Third Quarter Results
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
US Airways, Delta and American handily beat industry expectations on Wednesday by posting strong profits.
US posted a $240 million profit compared with a loss of $80 million a year ago.
Delta earned $363 million campared to a year-earlier loss of $161 million.
American earned $143 million compared with a year-earlier loss of $359 million.
Looks like business travel is picking up! I bet airlines continue to focus on gaining back the business travelers who may have lost elite status in the downturn. The optimist in me hopes that strong promotions await, especially for high fare classes and international business travel, in 2011. I personally feel like airlines will be less likely to roll back elite benefits and miles promotions when the times are good.
Now lets just hope oil stays at a reasonable level!