US Airways, JetBlue profit up, but fuel costs nag
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US Airways Group  and JetBlue Airways Corp.  posted quarterly profits on Tuesday, against year-ago losses, as they took advantage of strong travel demand and higher ticket prices.
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Budget airline Ryanair reports a 30% profit rise for the last three months of 2006, despite rising fuel costs.
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A fare hike that raises tickets by $5 each way announced by American Airlines earlier this week to offset record high jet fuel appears to be sticking among other US airlines, an industry source said on Friday.
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Most U.S. airlines, trying to offset record high jet fuel prices, have boosted air fares in North America by as much as &#36;10 on round-trip flights.
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The airline reported a narrower-than-expected loss in the fourth quarter and its first full-year profit in three years as an increase in traffic helped compensate for rising fuel costs.
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A fare increase initiated last week by Delta Air Lines Inc. and matched by rivals remained largely intact on Monday but faltered in some markets due to competitive pressures.
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NEW YORK (Dow Jones/AP) -- JetBlue Airways Corp. said Thursday its profit plunged 71 percent in the third quarter, cut sharply by industry competition, record-high fuel prices and the effects of hurricanes.
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TEMPE, Ariz., Oct. 25  â The US Airways Group said Thursday it swung to a profit in the third quarter as its revenue rose and it reduced the number of flights flown.
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British Airways raised its fuel surcharge for the second time in six weeks yesterday as it continues to pass oil price rises on to customers.
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United Parcel Service Inc.  said on Thursday its quarterly profit rose but missed expectations as shortfalls in its U.S. package business and rising fuel prices offset strength internationally.
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Continental Airlines Inc  raised U.S. domestic fares to offset soaring fuel costs, increasing the price of round-trip tickets by $10, a company spokesman said on Friday.
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Three airlines â Northwest, JetBlue and AirTran Holdings â posted fourth-quarter losses on Tuesday as rising fuel costs erased gains from fare increases.
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Discounters Southwest and JetBlue are turning up the heat on US Airways and other financially ailing airlines with a round of aggressive sales on travel in January and February.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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U.S. blue chips edged higher on Monday, helped by a gain in Boeing Co. , but disappointing earnings outlooks from printer maker Lexmark Inc.  and others limited the market's advance.
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Qantas domestic and international air fares will rise by $4 and $7 respectively from next week as the airline lifts its fuel surcharge to offset soaring oil prices. Despite posting a record annual net profit of $648.40 million on ...
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The airline said earnings were hurt by higher oil prices, strikes and special items, but said its operating profit rose as it attracted more passengers.