The major North American airlines will enter 2017 in a cautionary stance as softer yields, driven by falling air fares and increased competition, are creating the “weakest revenue environment in recent memory,” according to Delta Air Lines CEO Ed Bastian.  Bastian said a lack of pricing power, not weak demand, was causing the weak revenue environment. Since late 2014, airline unit revenue has consistently declined on a year-over-year basis quarter after quarter, which ...

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