After a profitable 2010, high fuel costs drive most major US passenger airlines to 2011 first quarter losses.
US airline executives may be wondering, “How much is enough?” How much cost cutting, fare unbundling, capacity discipline and consolidation will be sufficient to enable earnings to occur on a consistent basis? After a profitable 2010, the major passenger airlines flew into the 2011 first quarter with momentum seemingly on their side. Years of cutbacks and consolidation and tempering growth had apparently created the necessary conditions to stay in the black even if the ...
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