Airline Profits Beat Forecasts, But Fuel Weighs

Discussion in 'Blogstand' started by uggboy, Jul 21, 2011.  |  Print Topic

  1. uggboy
    Original Member

    uggboy Gold Member

    Messages:
    50,172
    Likes Received:
    133,424
    Status Points:
    20,020
    Airline Profits Beat Forecasts, But Fuel Weighs:confused:


    United Continental and US Airways posted weaker profits on Thursday, hit by high fuel costs amid a murky outlook for travel demand.

    The results for the two carriers topped expectations, but the surprises were not enough to offset weakness perceived among analysts that they attributed to high fuel prices.

    "Revenues are going up, but costs are really, really up there. And that's because of fuel," said Helane Becker, an airline analyst with Dahlman Rose.

    http://news.airwise.com/story/view/1311293065.html
     

Share This Page