NEW YORK, NY--(Marketwire - Nov 5, 2012) - The reopening of east coast airports this week is a positive for the airlines industry, which includes companies such as US Airways Group Inc. and Spirit Airlines Inc., as it has been forced to cancel a total of over 20,000 flights since Sunday. The full extent of super-storm Sandy's damage on airport infrastructure and airlines' fourth quarter profits remains uncertain. Nonetheless, some estimates anticipate that individual U.S. airlines will see profit cuts of between $25 and $45 million. StBulls.com has initiated technical analysis on US Airways Group Inc. (
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Looking back to the recently concluded third quarter, the airline industry seems to have fared relatively well. Supported by a 10.5 percent year-over-year increase in September's international passenger traffic, The International Air Transport Association lately increased its 2012 global airline industry profit outlook from $3 billion to $4.1 billion. Read our technical analysis on US Airways Group Inc. by clicking on
Volatile fuel prices have constituted a challenge so far in 2012. Yet, lower fuel costs in the third quarter benefited major airlines as did fare hikes and in some cases cost-cutting initiatives. Nevertheless, intense competition remains a challenge and certain companies have suffered as a result of operational efficiency challenges and one off charges. Investors looking for technical analysis on Spirit Airlines Inc. are encouraged to use the link below
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