US airlines have emerged from years of losses and bankruptcy to being among the most profitable in the world, but rising costs could derail them from this trajectory unless further transformation happens, consultants say. “Over the last 15 years, airlines have flipped their role, going from consistently loss making to consistently profitable,” Seabury Consulting managing director-aviation John Luth said at the IATA AGM in Cancun. There is some truth to American Airlines CEO Doug ...

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