$8.6B
NEW YORK, NY
Marketwire -07/09/12)
Despite growing concerns of a global economic slowdown the U.S. Airlines Industry has shown investors impressive gains this year. The Guggenheim Airline ETF (FAA) is up nearly 20 percent year-to-date, more than doubling the SPDR S&P 500 ETF (SPY) gain of 8 percent over the same period. The Paragon Report examines investing opportunities in the Airlines Industry and provides equity research on Delta Air Lines and United Continental Holdings.
U.S. airlines posted a strong profit of $518 million after posting a small loss the year prior.
United Continental Holdings for the first quarter of 2012 reported total revenues of $8.6 billion, an increase of 4.9 percent year-over-year. First-quarter consolidated passenger revenue rose 5.5 percent to $7.5 billion, compared to the same period in 2011. Shares of the company are up over 28 percent year-to-date.