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US Airways, Delta, American report profits

Airlines are in one of those periods -- and there have been many of them over the years -- when their business models allow revenue to pour in. Fortunately for the industry, the end of the recession, at least for people who have jobs, has enabled airlines to raise fares sharply this year. And the improving economy coincides with efforts by airlines to shrink their way to prosperity by cutting capacity and employees. A few billion dollars in fee revenue doesn't hurt either.

Analysts estimate that U.S. carriers will report total profits of about $2.4 billion in the third quarter, compared with a loss of $260 million a year ago. US Airways, Delta and American's parent AMR reported the 3Q results today.