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The Six Largest U.S. Airlines Could Post Record Third Quarter Profits

from ETF Trends

Tom Lydon of ETF Trends writes that the airline industry strengthened after Delta Air Lines reported revenue of $11.11 billion for the third quarter ended September 30, beating analysts’ expectations. This helped give the U.S. Global Jets ETF (JETS) a strong boost on October 14.

Delta’s higher profits, Lydon says, are related to continued low fuel costs.

“Analysts project the six largest carriers could generate a collective adjusted profit of $5.9 billion, a record for the third quarter,” he writes.

READ THE ARTICLE FROM ETF TRENDS

Article summary written by U.S. Global Investors.