SATURDAY, SEPTEMBER 10, 2011
By ANDREW BARY
The managers of U.S. airlines finally have become "more concerned about profits than market share," says Ray Neidl, a senior aerospace analyst at Maxim Group in New York. And that's great news for investors.
By ANDREW BARY
The managers of U.S. airlines finally have become "more concerned about profits than market share," says Ray Neidl, a senior aerospace analyst at Maxim Group in New York. And that's great news for investors.
The industry broke even in the seasonally weak first quarter, was profitable in the second and probably will earn more than $1 billion in the current one. The respectable results have come despite a 40% jump in jet-fuel prices in the second quarter from the year-earlier level, to more than $3 a gallon.
No comments:
Post a Comment