US Airways Swings to Profit
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Net income for the third quarter rose to $177 million, compared with a loss of $78 million in the year-earlier period, as the carrier raised fares while reducing flights.
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FedEx Corp. , the world's top air-express shipper, on Thursday said quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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Southwest Airlines Co. reported a 12 percent jump in profit today, as its decision to buy fuel in advance helped insulate the low-cost carrier from rising fuel prices.
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US Airways Group Inc.  on Thursday reported a third-quarter profit compared with a year-earlier loss, topping expectations on strong demand and higher fares.
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World Airways Inc. raised its third-quarter revenue and operating income forecasts on Wednesday, citing benefits from military and commercial contracts; shares of the cargo carrier jumped more than 35 percent.
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Ryanair Holdings Plc, Europe&#39;s largest low-cost airline, said second-quarter profit rose 15 percent as the carrier cut fares less than it expected and added routes.
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British Airways today reported further progress in its recovery as it made a half-year pre-tax profit of Â£335m, but said higher fuel costs remained a concern.
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Australian buyout target Qantas Airways Ltd.  raised its annual profit forecast for the third time in six months as fuel prices ease and demand for travel increases.
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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.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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World Airways doubles its earnings guidance for the current quarter.
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German airline Lufthansa posted a euro125 million (US$155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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Ryanair, Europe's biggest budget airline, reports a 33% rise in profits, lifted by higher ticket prices and charges.
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Airlines worldwide may make a combined profit of $1.2 billion next year, their first since 2000, as fuel prices fall from record highs and passenger traffic increases, the International Air Transport Association said.
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Australian budget airline Virgin Blue reports a jump in half-year profits and lifts its earnings outlook for the year.
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Australia&#39;s dominant airline, Qantas, has nearly doubled its annual profits after recovering from the previous year&#39;s Iraq war and SARS induced downturn.
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No-frills airline Ryanair posted a forecast-beating jump in half-year profit after its low fares drew in summer passengers and was surprisingly upbeat on the full year, boosting its shares.