profits Archives

Banks report stronger profits, more lending


U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and help strengthen the economy. The industry earned $37.6 billion from July through September — a 6.6 percent increase from… Read More →

US Airways profits may exceed expectations

US Airways Heritage

UUS Airways Group Inc. said on Wednesday that its flying capacity for the year will rise 2 percent, and an investor update suggested that its third-quarter profit will be bigger than Wall Street had been expecting. US Airways has added flying capacity as it replaces old Boeing 737s with slightly larger Airbus A321s. It also… Read More →