Despite a sluggish economy, US passenger airlines are raking in big profits.
These are unprecedented times for US airlines. The industry has had a number of strong periods of financial performance through the decades, albeit often relatively short-lived, but major US carriers’ most lucrative periods generally occurred during boom years for the American economy. Conventional wisdom always has been that when consumers and businesses tightly monitor expenditures and the overall economy is lackluster, major US airlines are sure to struggle. Until now, that ...
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