Technical Analysis on US Airways Group Inc. and Spirit Airlines Inc. -- Major Airlines' Third Quarter OK, but Sandy Could Be Costly

Mon Nov 5, 2012 8:00am EST

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  NEW YORK, NY, Nov 05 (Marketwire) -- 
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. has initiated technical analysis on US Airways Group Inc.
(NYSE: LCC) and Spirit Airlines Inc. (NASDAQ: SAVE) which serves the
Major Airlines industry. These reports are free upon registration. Rest
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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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