Profit gains for airline sector in Q1

U.S. airliners delivered Q1 profits of $401M, compared to a loss of $553M a year ago.

JetBlue (JBLU +0.8%) and United Continental (UAL -1.5%) were the only carriers not to improve their profitability from last year. If UAL's results are backed out, the group (ALK, ALGT, AAL, DAL, HA, LUV, SAVE) saw a profit gain of over $1B for the period.

Improving business demand and solid pricing trends (fares, bags) have helped lift the sector.

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