Flights Are PackedTime to Cut Back

U.S. airlines are in their best shape in years, so why the rush to slow growth? When even Southwest is in a cooling phase, it's worth a look

It has been a fine summer financially for U.S. airlines. Nightmarish weather and congestion delays, along with packed planes, aren't cooling sizzling demand—and the resulting profits are landing on investors nicely. The latest spiffy performance news came July 24, with United Airlines' parent reporting its largest quarterly profit since 2000, and JetBlue Airways' second-quarter income rising 50%.

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