US airlines lifting off in celebration of 2Q2010 results
The US airline industry is expected to be profitable for the first time since 3Q2007 – to the tune of USD1.7 billion – giving airlines much to celebrate as they roll out their second-quarter results this week with double-digit operating margins expected for United, Delta, Alaska and Southwest. Also this week, US President Barack Obama will sign the Restoring American Financial Stability Act of 2010, stemming commodity speculation including oil except for end users.
