Over the last decade, two trends have dominated the North American commercial air transport market: consolidation and the emergence of ultra-LCCs. The latter trend has helped to check the first and has even shaped the evolving product offerings of the US majors.  American Airlines, Delta Air Lines, Southwest Airlines and United Airlines combined control 80%-85% of the US domestic market, but the market’s fastest growers by far are ULCCs, which look likely to continue to be the ...

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