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

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.

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