American Airlines Chairman and CEO Gerard Arpey told analysts and investors last week that it would be a "mistake" to assume US carriers' "troubles are behind us" despite vastly improved earnings over the past year. "There are a number of unknowns" that could torpedo profitability, Arpey told the Merrill Lynch Global Transportation Conference. Labor relations, air traffic control congestion, strict security rules and attempted mergers involving key players are among the potential hurdles ...

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