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Southwest and Continental post higher profits

22 October 2007

Southwest Airlines and Continental Airlines , two of the largest U.S. carriers, posted higher quarterly earnings on Thursday as fuller planes and fare increases helped offset soaring fuel costs.

The earnings from Southwest and Continental are the latest sign that the U.S. airline industry’s recovery from a long slump remains on track despite a slowing U.S. economy.

Earlier this week, American Airlines parent AMR and Delta Air Lines posted better-than-expected earnings, benefiting from tighter cost controls and lower capacity in the United States.

source: Yahoo!

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