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What: Shares of Delta Air Lines
So What: Delta and US Airways cited an improving market for leisure and business travel, reflected in higher revenues and load factors. "Load factor" is airline-speak for the percentage of available seats filled. During the quarter, Delta's fleet flew at 85.9% of capacity while US Airways' fleet flew at 84.4% of capacity. Both numbers were an improvement over last year's third quarter.
Now What: Airlines have made for awful investments over the past several years, but between lower fuel costs, capacity cuts, and employee givebacks, they're starting to look more like the sustainably profitable businesses they used to be. Even American Airlines parent AMR Corp.
Interested in more info on Delta Airlines and US Airways? Add Delta to your watchlist by clicking here. Add US Airways by clicking here.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.