The US airline industry continues to separate into those companies that in some small way can overcome today's record fuel prices and those that cannot. Seven of the 11 Major passenger airlines reported profits in the second quarter ended June 30. These carriers earned a combined $371 million, with 40% of that amount coming from perennial profit leader Southwest Airlines, which is heavily hedged. The remaining four-Delta, Northwest, United and US Airways-combined to lose $2.15 ...

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