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Airlines report big 2Q profits on strong demand

By The Associated Press
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Airlines report big 2Q profits on strong demand

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

Now riding a post-merger tide of higher fares and stable fuel costs, those same airlines are piling up profits — and sharing the newfound riches with investors.

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