heywatchthis
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Analysts predict five other carriers also will earn a profit in 2006. They are American parent AMR Corporation, Houston-based Continental Airlines, Jet Blue Airways, Alaska Air Group and AirTran Holdings.
http://www.news8austin.com/content/your_news/default.asp?ArID=152946
DALLAS -- The U.S. airline industry is coming off an up-and-down 2005 that saw two major carriers file for bankruptcy -- but others begin to pull out of a nosedive that began in 2001.
Losses at the biggest U.S. airlines since the 2001 economic downturn were expected to approach $30 billion. Still, 2005 was nearly a good year.
Some companies, including the Fort Worth-based parent of American Airlines, could have turned a profit if fuel prices hadn't shot so high. As it turned out, some airlines narrowed their losses by sharply cutting costs other than fuel -- including wringing wage concessions out of their workers.
Some analysts think 2006 will be a pivotal year. Michael Linenberg of Merrill Lynch said fewer planes flying, rising fares and lower fuel prices could lift the stock of airlines.
Dallas-based Southwest Airlines is the only carrier to be consistently profitable throughout the current slump. Its CEO, Gary Kelly, agrees that trends are looking up.
Analysts predict five other carriers also will earn a profit in 2006. They are American parent AMR Corporation, Houston-based Continental Airlines, Jet Blue Airways, Alaska Air Group and AirTran Holdings.
http://www.news8austin.com/content/your_news/default.asp?ArID=152946
DALLAS -- The U.S. airline industry is coming off an up-and-down 2005 that saw two major carriers file for bankruptcy -- but others begin to pull out of a nosedive that began in 2001.
Losses at the biggest U.S. airlines since the 2001 economic downturn were expected to approach $30 billion. Still, 2005 was nearly a good year.
Some companies, including the Fort Worth-based parent of American Airlines, could have turned a profit if fuel prices hadn't shot so high. As it turned out, some airlines narrowed their losses by sharply cutting costs other than fuel -- including wringing wage concessions out of their workers.
Some analysts think 2006 will be a pivotal year. Michael Linenberg of Merrill Lynch said fewer planes flying, rising fares and lower fuel prices could lift the stock of airlines.
Dallas-based Southwest Airlines is the only carrier to be consistently profitable throughout the current slump. Its CEO, Gary Kelly, agrees that trends are looking up.
Analysts predict five other carriers also will earn a profit in 2006. They are American parent AMR Corporation, Houston-based Continental Airlines, Jet Blue Airways, Alaska Air Group and AirTran Holdings.