The decade-long effort by US network airlines to reorganize and restructure to become more competitive in the face of the low-cost onslaught is bearing fruit, according to the latest “Airline Economic Analysis” produced by the Oliver Wyman consultancy. Although the legacy carriers’ aggregate financial performance since the end of 2000 certainly contains far more red ink than black, OW determined that “the CASM gap between value carriers and network carriers is the ...

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