Airline Stocks Mixed With The broader Market (UAUA, CAL, AMR, LCC)

Shares of Airline companies opened mixed after a trade group tripled its industry profit outlook for 2010, but warned of some softness for next year.

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Earlier, the International Air Transport Association lifted its 2010 profit outlook for the world's airlines to $8.9 billion from a prior estimate of $2.5 billion. But profit in 2011 is expected to soften to $5.3 billion.

US Airways Group, Inc. (NYSE:LCC) is the biggest percentage gainer and soared over 4% to $9.58 on heavy volume of 1.90 million shares.

So far this year, the stock has soared over 96%. It has a 52-week range of $2.82-$11.40.

US Airways, Inc. (US Airways) is engaged in the operation of a network air carrier. The Company provides air transportation for passengers and cargo. US Airways is a wholly owned subsidiary of US Airways Group, Inc. (US Airways Group). US Airways is a member of the Star Alliance, the airline alliance, which has 26 member airlines serving approximately 1,077 destinations in 175 countries as of December 31, 2009.

UAL Corporation (NASDAQ:UAUA) climbed 3.70% to $23.25 with over 2 million shares. So far this year, the stock has soared over 80%. It has a 52-week range of $6.23-$25.

UAL Corporation (UAL) is a holding company engaged in airline-related activities. The Company’s principal operating subsidiary is United Air Lines, Inc. (United). The Company operates through two segments: Mainline and Regional Affiliates (United Express operations).

Continental Airlines, Inc. (NYSE:CAL) surged 4% to $24.42 with over 883K shares. So far this year, the stock has soared over 36%. It has a 52-week range of $10.94-$25.99.

Continental Airlines, Inc. (Continental) is a United States air carrier engaged in the business of transporting passengers, cargo and mail. The Company has two segments: mainline and regional.

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AMR Corporation (NYSE:AMR) surged 3.61% to $6.88 with over 3.12 million shares. So far this year, the stock has fallen over 11%. It has a 52-week range of $5.11-$10.50.

AMR Corporation (AMR), incorporated in October 1982, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American). As of December 31, 2009, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.

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