AirlineFinancials.com, which provides airline industry data, analysis and consulting services, is projecting that the seven largest U.S. airlines, by the end of next week, will have collectively reported $2 billion in profits from $37.1 billion in revenue for the second quarter. This will be a record for second quarter revenue and the second highest second quarter profit since the 1990s. This will be the first time since the 1990s the industry will have a second quarter profit three years in a row.

For the full year 2012, AirlineFinancials.com is projecting these seven airlines will report $5.8 billion in profits from $141 billion in revenues. This profit and revenue will also be records for the airline industry and the first time since the 1990's the industry will have annual profits three years in a row.

Individual airline projections for second quarter 2012 include: United, $613 million profit from 10.1 billion revenue; Delta, $609 million profit from $9.7 billion revenue; American, $69 million profit from $6.5 billion revenue; Southwest, $257 million profit from $4.6 billion revenue; US Airways, $267 million profit from $3.8 billion revenue, JetBlue, $60 million profit from $1.3 billion revenue; Alaska, $116 million profit from $1.2 billion revenue.