And so we reach the high water mark for investors as airlines in the US report surging profits in the third quarter

US Airline stocks surged yesterday as higher fuel prices failed to drive operators into the red this quarter. AMR, US Airways and Delta all report improving economic conditions and strong load factors that drove revenue increases, indicating a widespread recovery for the US domestic carriers. AMR Corporation, the parent company of American Airlines, reported net profit of $143 million for the third quarter, with $5.8 billion in revenue, up 14%. Last year the company posted a net loss of $359 million, with $5.1 billion in revenue. AMR also announced plans to enhance its strategic position in Los Angeles with a