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Thursday, October 23, 2014

WRAPUP 1-U.S. airlines report strong third quarter profits, (NYSE: DAL)

Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates. The results sent most airline stocks higher. The exception was United Airlines which fell 1.4 percent after it projected unit revenue for the current quarter below Wall Street's expectations.However, the Chicago-based carrier as well as American Airlines and Delta Air Lines eased concerns about a drop in travel after saying Ebola had not affected their bookings for the year.Investors are scrutinizing airlines for signs that the current quarter could be disrupted if the spread of the Ebola virus were to discourage travel and hurt the airlines' bottom lines.United anticipates passenger revenue per available seat mile to be between a decrease of 1 percent and an increase of 1 percent for the current quarter because of charges related to reconciling interline tickets carried over from last year.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 3.19% or $1.19/share to $38.49. In the past year, the shares have traded as low as $25.67 and as high as $42.66. On average, 13735700 shares of DAL exchange hands on a given day and today's volume is recorded at 8667669.