Airline execs sounding more confident of recovery

In a series of earnings calls this week, executives from many major U.S. airlines sounded confident that the industry had reached its bottom and that a recovery may be imminent. Though the legacy carriers continued to lose money in the third quarter, most said the future looks promising. While Delta Air Lines forecast "an uncertain recovery," US Airways President Scott Kirby took a more bullish view, predicting a "V-shaped" recovery in which markets rebound as sharply as they fell. "The odds are in favor of a quick spiral up," he told analysts.

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