Airline Profits Grounding As Fuel Prices Take Off

Soaring jet fuel prices are wiping out profits for the nation's biggest airlines.

United Continental says it lost more than $200 million in the first three months of the year after seeing its fuel bill spike nearly $600 million.  Even  low-cost, high-profit airlines, like Southwest and Jetblue saw earnings barely rise above the break-even point after paying to fuel their planes.

Carriers have raised tickets prices nearly a dozen times so far this year to offset the rising price of jet fuel.