EdgeWater 10/21/2010 10:37:28 PM
News / Business

Airline Stocks Jumps Again (LUV, JBLU, AMR, DAL)

Airline Stocks Jumps Again

Southwest Airlines Co. (NYSE:LUV) rose 3.27% to $13.59. The company said Thursday it swung to a third-quarter profit of $205 million, or 27 cents a share, compared to a year-ago loss of $16 million, or 2 cents a share.

Analysts polled by FactSet Research were looking for earnings of 25 cents a share, on average.

The stock went up more than 19% year-to-date.

JetBlue Airways Corporation (NASDAQ:JBLU) is up 0.22% to $6.97. The company said Thursday its third-quarter earnings nearly quadrupled to $59 million, or 18 cents a share, from $15 million, or 5 cents a share, in the year-ago period.

Analysts polled by FactSet Research expected a profit of 19 cents a share, on average.

The stock made its fresh 52-week high of $7.24.

AMR Corporation (NYSE:AMR) surged 1.84% to $7.47. 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 3% year-to-date.

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

Delta Air Lines, Inc. (NYSE:DAL) jumped 2.24% to $13.26 on about 4.64 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 $13.03 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 11%.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html