World Quest Resort - Airlines Report First Quarter Gains

This rather upbeat news has many saying that the airlines may have hit bottom. Even the airlines themselves had been trying to downplay the release of their earnings in case they wound up being really bad. The losses weren't as bad as many were predicting, while there were losses. This week wrapped up the release of all the major airlines earnings reports for the first quarter.

Consumers may be staying home instead of spending money to go out of town, if the trend continues as it has been. This will all depend on whether or not consumers are willing to take that summer vacation this year. Airlines could be down again if May and June prove to be sluggish, while April was expected to be a good month because of Easter. This helped the airlines recover from the drop in passengers on flights. Many contribute this to the fact that oil prices have been much lower than this time last year, while all the major airlines narrowed their losses, yet.

And JetBlue's shares rose by $0.05 on the day their earnings reports were released, uS Airways shares rose by $0.27. JetBlue actually posted a profit once they dropped some of their fuel contracts. Some of US Airways fuel hedging contracts became positive. UAL and AMR have already reported that their losses narrowed this quarter, delta, uS Airways. The news was good overall, but.

The only airline to disappoint Wall Street was Alaska Air Group (Alaska Airlines and Horizon Air), perhaps. Wall Street has been generally happily surprised by the earnings reports of the first quarter.

Alaska Air Group shares fell by 10.2 percent to $17.80 on the day of the announcement, in response to this news. Alaska Air Group is expected to start charging for their first checked bag to make up for the losses. Alaska Air Group earnings fell way below expectations, despite a narrowing of their losses.