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Airlines post strong profits
Airlines post strong profits

U.S. airline stocks rose, extending one of the industry's biggest rallies this year, after American Airlines and United Airlines led four carriers in exceeding quarterly profit estimates. Southwest Airlines Co. and Alaska Air Group Inc. also beat earnings projections as the industry benefited from strong passenger demand and a 9.7% drop in fuel costs in the third quarter from the prior three-month period. JetBlue Airways Corp. was the lone holdout in falling short of estimates Thursday. Demand in the U.S. and overseas "seems pretty strong, just more so domestically," said Logan Purk, an Edward Jones & Co. analyst in St. Louis. The Bloomberg U.S. Airlines Index rose...

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