Call it a year of contradictions. The global airline industry went on a spending spree in 2011 and sealed deals for new aircraft that broke all records.Yet it was also a year where economies faltered and oil prices soared, with their inevitable impact on airline profits. And as 2011 drew to a close, American Airlines, the only legacy US carrier never to declare bankruptcy, filed for Chapter 11. Our 2012 forecast package tracks the highs and lows the industry has weathered this past ...

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