SOURCE: The Bedford Report

The Bedford Report

October 21, 2010 08:46 ET

Major Airlines Posting a Speedy Return to Profitability

The Bedford Report Provides Analyst Research on Delta Airlines and US Airways

NEW YORK, NY--(Marketwire - October 21, 2010) - Shares of Major Airlines have skyrocketed as key industry players are reporting a speedy return to profitability after last year's losses. The airlines are benefiting from a rise in travel demand amid an industry wide effort to keep capacity from growing too fast. Going forward analysts expect airlines overall to further cement their turnaround despite rising fuel prices and an uncertain U.S. economy. The Bedford Report examines the outlook for companies in the Major Airlines and provides research reports on Delta Airlines, Inc. (NYSE: DAL) and US Airways Group, Inc. (NYSE: LCC). Access to the full company reports can be found at:

When Delta Airlines reported earnings yesterday it said it earned $363 million, or 43 cents per share, in the third quarter. Not counting one-time costs, it would have earned $1.10 per share -- substantially above the 94 cents per share that analysts had forecast. Delta Airlines reported a steep 54 percent year on year boost in revenues from Asian flights. When Delta acquired Northwest Airlines in 2008, they became the largest US to Asia airline.

The Bedford Report releases regular market updates on the Major Airlines Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Also reporting earnings yesterday was US Airways. The company posted net income of $240 million, or $1.22 per share, easily eclipsing consensus Street estimates looking $1.17 per share. During its earnings call, US Airways said it would recall all of its laid off pilots by the end of this year to supplement its international service and expects to hire additional flight attendants early next year.

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