*Delta a penny shy of estimates as US Airways beats. *Delta shares slide 1.6 pct; US Airways up 2.3 pct. Oct 24- U.S. carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a soft September.
FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.
DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
Despite jet fuel prices holding at a higher level in the third quarter, two airlines reported strong earnings and reiterated their plans to limit the number of seats they plan to put in the air.
Jet fuel is the bane of an airline's existence. It has become the single biggest expense at Delta Air Lines Inc. and other airlines, and its volatility has made airline planning difficult.
CNBC's Phil LeBeau has the earnings results for Boeing, Delta, and US Airways.
Oct 24- Delta Air Lines reported on Wednesday that its quarterly profit rose, boosted by gains tied to fuel hedges. Net income came to $1.05 billion, or $1.23 a share, for the third quarter, compared with $549 million, or 65 cents a share, a year earlier. Excluding items, profit was 90 cents a share.
DALLAS-- US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season. The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.
DALLAS-- US Airways says it earned $245 million in the third quarter, its best profit ever for the 3- month period that covers much of the peak summer vacation season. The airline says it would have earned $192 million, or 98 cents per share, before gains such as a swap of airport landing slots with Delta Air Lines.
DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.
CHICAGO-- United Continental Holdings Inc., the parent of United Airlines, reports third-quarter results on Thursday after a tough spring and summer spent trying to absorb Continental Airlines. When Southwest Airlines reported results last week, it said it needed sales to lure business travelers in September, but that things picked up in October.
WASHINGTON _ Commerce Department releases new home sales for September, 10 a.m.. WASHINGTON _ Federal Reserve policymakers meet to set interest rates. BERLIN _ Germany's Ifo institute releases its monthly index of business confidence, a closely watched indicator for Europe's biggest economy.
On Thursday, Southwest Airlines said demand _ and pricing _ for business travelers grew weaker in September. Revenue seemed to be rebounding this month, Southwest said. But nothing quite says "ka-ching" like $981 for a short-notice round-trip ticket from Minneapolis to New York.
Caterpillar Inc. reports quarterly financial results. Hasbro Inc. reports quarterly financial results. Peabody Energy Corp. reports quarterly financial results.
KEY WEST, Fla.-- Delta Air Lines Inc. and U.S. Airways are planning to begin nonstop seasonal service between Key West and both New York City and Washington D.C. in time for the Christmas travel season. U.S. Airways is a unit of US Airways Group Inc..
Delta Air Lines' fleet of more than 50 Airbus A319 aircrafts fly domestic routes in the U.S. Find out which seats are best—and what to avoid.
"The extraordinary safety record that has been achieved in the United States ironically could be the single biggest reason the isn't able to act proactively and ensure safety into the future," said Bill Voss, president of the industry-funded Flight Safety Foundation in Alexandria, Va., which promotes global airline safety.
SOFT SEPTEMBER: All the big airlines reported traffic declines in September, and Southwest said pricing was soft that month. STILL PROFITABLE: Southwest Airlines Co. still posted a $16 million profit for the quarter. WHAT'S NEXT: Delta Air Lines and US Airways report results on Wednesday, and United Continental is on Thursday.
Here is a summary of earnings reports from AMR Corp., parent of American Airlines, and Southwest Airlines Co.. Southwest Airlines posted a profit of 2 cents per share, compared with a loss of 18 cents a year earlier. CEO Gary Kelly told CNBC that Southwest saw some "softness" in business travel and that demand weakened in September.