Third-quarter earnings of U.S. major airlines displayed a stark split between winners and losers. Rising fuel costs were largely to blame for disappointing results. Fuel price hedging eased the cost problem for most of the profitable carriers, but analysts are beginning to question what may happen after hedges come to an end in 2001. ING Barings analyst Raymond E. Neidl said the major airlines, excepting Southwest Airlines, absorbed the increased fuel costs by raising ticket prices ...
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