American airlines in profit boast

United Continental Holdings Inc, the newly merged holding company for the former United Airlines and Continental Airlines, published some very encouraging individual quarterly financial returns last week.  The fourth quarter results will be combined.

United reported a third quarter 2010 net profit of US$473m, an improvement of US$533m year-over-year.  Continental has come up with US$367, a gain of US$365m on the previous figure.  

All in all it was a good week for the major US carriers.  American Airlines produced profits of US$143m for the quarter (as against a US$359m loss last year), Delta produced US$363m for the period (net loss US$161m in 2009), whilst US Airways produced US$240m, a record for the carrier for the three-month period.  Low cost carrier Southwest Airlines reported a third-quarter profit of US$205m against a year-earlier US$16m loss as travel demand bounced back. www.unitedcontinentalholdings.com

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