NEW YORK, NY--(Marketwire - Jan 25, 2013) - Despite posting mixed fourth quarter earnings, U.S. airline stocks have surged in 2013. The Guggenheim Airline ETF (FAA), which tracks the performance of the NYSE ARCA Global Airline Index, has posted a gain of nearly 12 percent year-to-date compared to Dow Jones' gain of 5.5 percent over the same period. Five Star Equities examines the outlook for companies in the Airlines Industry and provides equity research on Delta Air Lines, Inc. (
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The International Air Transport Association (IATA) recently revised their industry financial outlook. The IATA now predicts the global airline industry to post a profit of $6.7 billion in 2012, up from their previous forecast of $4.1 billion, and in 2013 profits are expected to continue to rise to $8.4 billion. North American carriers are expected to end 2012 with a collective net profit of $2.4 billion.
"With GDP growth close to the 'stall speed' of 2.0% and oil at $109.5/barrel we expected much weaker performance. But airlines have adjusted to this difficult environment through improving efficiency and restructuring. That is protecting cash flows against weak economic growth and high fuel prices," said Tony Tyler, IATA's Director General and CEO.
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During the past year, Delta won 33 airline industry awards sweeping the major corporate travel surveys including Business Travel News, Travel Weekly, TravelAge West, Recommend Magazine and The Beat. Delta's net income for 2012 was $1.6 billion, excluding special items, a $362 million increase over 2011. Shares of the airline have over 17 percent year-to-date.
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day and serves 198 communities across the world. The company's net profit of $537 million, excluding special items, was the highest in company history and a 384 percent increase when compared to full-year 2011.
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