SEATTLE, Aug 21- U.S. airlines more than doubled their net profit margin in the first half of the year as revenue rose nearly three times faster than costs, trade group Airlines for America said on Thursday. Net profit at the airlines rose to $3.8 billion, up from $1.6 billion in the prior-year period.
United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.
July 18- Allegiant Travel Co, the parent of Allegiant Air, said on Friday that a computer outage that affected 26 flights and 4,000 passengers has been resolved, and its systems are back to normal.
July 18- Allegiant Travel Co, the parent of Allegiant Air, a low-cost carrier that serves leisure destinations, said on Friday that it is working to resolve a computer system outage that is slowing its customer check-in and causing delays.
Airline stocks, typically considered terrible investments, have taken off, and analysts say there is still lift in the sector for investors.
Some of Tuesday's midday movers:
Starting July 1, Southwest Airlines will start flying its own planes to Aruba, Jamaica and the Bahamas.
An entrepreneur has attracted investments from four billionaires: Sam Zell, Herb Simon, David Bonderman and "one family you've never heard of."
Allegiant Air is expanding its service with 18 routes, reports CNBC's Phil LeBeau. Also, a look at the airline's new destinations and Tesla's highest-ever safety score.
Allegiant will soon serve 99 cities in the United States, more than any other low-cost carrier including Southwest.
CNBC's Phil LeBeau talks with Allegiant CEO Andrew Levy about the low-cost carrier's strategy to target the East Coast and provides perspective on growth in leisure travel.
CNBC's Phil LeBeau speaks with Andrew Levy, Allegiant Travel Company president, about the company's successful business model.
As airlines ramp up fees for checked and carry-on bags, more hotels are offering items to borrow, rent or take for free. That lets travelers pack light, but still have everything.
Airfares will still be advertised inclusive of mandatory taxes and fees, after the Supreme Court refused a challenge by three airlines. But optional add-on services often leave fliers unable to compare the total price of a ticket.
With an American-US Airways merger formally announced, here's what travelers can anticipate in terms of airfares, frequent-flier miles and destinations.
American and US Airways are close to a merger decision. Here's what frequent-fliers need to know should it go through.
Add-on airline fees are getting pricier and changing frequently, making comparison shopping difficult.
As airlines offer more add-on services, comparison-shopping for cheap fares is getting harder. Now the government is wading in and may change how airlines charge and display fees to everyone in 2013.
Some airlines are beginning to offer higher-quality and healthier meal options, according to a new survey ranking North American airlines. Where does your preferred airline rank?
United Continental Holdings Inc.' s profit tumbled to $6 million after earning $653 million in the same quarter last year, and the results fell short of Wall Street's expectations.