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American Airlines' parent AMR Corp., for example, estimated August's London bombing scare will cost it more than $50 million in third-quarter revenue.
Helping airlines, however, are rapidly falling crude oil prices. Jet fuel is among the industry's top costs, and lower crude prices have helped the Amex Airline Index recently reach its highest point since mid-July.
Neidl recently trimmed his third-quarter earnings estimates for many of the industry's carriers because of lower-than-expected unit revenue growth. But he still sees airlines reporting strong quarterly profits, albeit below pre-bomb threat expectations.
Neidl sees AMR Corp., which kicks off the industry's quarterly earnings season on Oct. 18, reporting a profit of 49 cents per share, down from his prior forecast of 80 cents.
American Airlines' parent AMR Corp., for example, estimated August's London bombing scare will cost it more than $50 million in third-quarter revenue.
Helping airlines, however, are rapidly falling crude oil prices. Jet fuel is among the industry's top costs, and lower crude prices have helped the Amex Airline Index recently reach its highest point since mid-July.
Neidl recently trimmed his third-quarter earnings estimates for many of the industry's carriers because of lower-than-expected unit revenue growth. But he still sees airlines reporting strong quarterly profits, albeit below pre-bomb threat expectations.
Neidl sees AMR Corp., which kicks off the industry's quarterly earnings season on Oct. 18, reporting a profit of 49 cents per share, down from his prior forecast of 80 cents.
