US majors lost money in the third quarter, but still beat year-ago results.
US passenger airlines are taking solace from the fact that the steady economic deterioration evident over much of the last year finally appears to have stopped. They also tout high load factors, but generating revenue continues to be difficult, with yields under severe pressure as passengers apparently are willing to fly only if fares are low. Business travelers remain largely absent and US majors fear it could be some time before a "new normal" arrives. "It's a ...
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