US airlines are past the peak of their current cycle of profitability and urgently seeking cost savings as expense increases outpace revenue gains, Airlines for America (A4A) chief economist John Heimlich said. “There’s still breathing room, but the peak of this particular cycle is behind us,” Heimlich told reporters on a conference call. According to A4A, the nine publicly traded mainline US passenger airlines (Alaska Airlines/Virgin America, Allegiant Air, American ...

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