18-Nov-2010 3:25 PM
United Continental Holding CEO states US airlines expected to post USD4bn in profits this year
Analysis
North and South American airline stocks mostly made minor gains on Wednesday (17-Nov-2010) after United Continental Holdings (+0.6%) Chairman Glenn Tilton stated US airlines are projected to post USD4 billion in profits in 2010. Mr Tilton added that airlines "have come a long way" since the early and middle part of the past decade when United and other major carriers entered bankruptcy protection.
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