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Thursday, October 23, 2014

WRAPUP 2-U.S. airlines see third-quarter profits rise, upbeat outlook, (NASDAQ: AAL)

American Airlines Group, United Airlines and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook.Despite concerns about increased competition in some markets, several major U.S. carriers also signaled they would boost capacity, betting on a steady increase in passenger traffic through next year.American, which exited bankruptcy last year via a merger with U.S. Airways, saw a nearly 4 percent gain in its shares as it forecast healthy unit revenues for the current quarter. United, while projecting a more moderate unit revenue increase compared to last year, reported that third-quarter profit more than doubled."The general theme is that the revenue environment seems to be healthy still, demand remains strong and airlines still have pricing power," said S&P Capital IQ analyst Jim Corridore, noting that airlines industry-wide raised one-way fares by $2 last week.

Anglo American plc (Anglo American) is a mining company. Shares of AAL traded higher by 3.89% or $1.44/share to $38.48. In the past year, the shares have traded as low as $21.45 and as high as $44.88. On average, 12726600 shares of AAL exchange hands on a given day and today's volume is recorded at 33281872.