How did Delta achieve its record-breaking quarter? We touch on some of the root causes, including Delta’s push for cheap aircraft and near-perfect operations. Also, we discuss Delta’s plan for flat or zero capacity growth in the fourth quarter.

And will Delta hold on to its shiny new earnings record for longer than two weeks? Meanwhile, contrary to a lot of other airlines, JetBlue is seeing an increase in unit revenues. And American Airlines pulled off its reservation system migration with aplomb. And lastly, we revisit the industry 30 years ago from the seat of a certain DeLorean.