Analysis-US Airlines See Stronger Profits as Airfare War Ends

October 31, 2024

By Rajesh Kumar Singh CHICAGO (Reuters) - U.S. airlines appear to have rediscovered their mojo, thanks to a sharp reduction in capacity that plagued the market this summer. Airfares have turned higher, and airline stocks are now outperforming the broader market. That improvement was one reason why American Airlines lifted its full-year profit forecast. It led to a surprise third-quarter profit at Southwest Airlines and has put Delta Air Lines on track to deliver one of the most profitable fourth quarters in its history. The NYSE Arca Airline index has gained 23% in the past three months, outpacing an 8% jump in the S&P 500 index....