EdgeWater 10/20/2010 10:33:43 PM
News / Business

Airline Stocks Jumped With DAL, LCC (AMR, JBLU, DAL, LCC)

Airline Stocks Jumped With DAL, LCC

AMR Corporation (NYSE:AMR) surged 3.53% to $6.75. The company is expected to post earnings of 33 cents a share for the third quarter, according to a FactSet poll.

Over the past 52-week, the stock had traded within the range of $5.11-$10.50 and is down more than 13% year-to-date.

AMR Corporation incorporated in October 1982, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American).

JetBlue Airways Corporation (NASDAQ:JBLU) is up 2.92% to $6.70. The stock has a 52-week range of $4.64-$6.95. In the past one month of trading sessions, the stock went up more than 13%.

Delta Air Lines, Inc. (NYSE:DAL) jumped 7.01% to $12.52 on about 1.11 million shares. The company said it earned $363 million, or 43 cents a share, a reversal from a loss of $161 million, or 19 cents a share, in the year-ago third quarter.

Analysts polled by FactSet Research had been looking for quarterly earnings of 93 cents a share, on average.

The stock opened at $11.33 and has a 52-week range of $6.78-$14.94. In the past one month of trading sessions, the stock went up more than 8%.

US Airways Group, Inc. (NYSE:LCC) rose 5.15% to $10.61. On a GAAP basis, the Company reported a net profit of $240 million for its third quarter 2010, or $1.22 per diluted share, compared to a net loss of ($80) million, or ($0.60) per share, for the same period in 2009. The $240 million net profit is the highest third quarter net profit in the Company's history.

The stock went up more than117% year-to-date.

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