THE STRATEGY: Airlines have been scrapping growth plans and, in some case, shrinking their flying capacity. The idea is to make it easier to raise fares and preserve profits even when the economy is weak.
THE RESULT: Mixed. Smaller profits at United Continental Holdings Inc. and US Airways Group Inc. Quarterly losses for American and Southwest (though Southwest's were because of fuel hedging). Only Delta had a higher profit from a year ago.
WHAT'S NEXT: Keeping growth plans in check. United Continental said it will keep next year's flying at this year's levels. US Airways plans growth of less than 1 percent.