THE MAJOR US AIRLINES AND THE global distribution system companies believe that a sort of equilibrium has been achieved with the latest round of participating carrier agreements, but the era of good feeling may not last as long as the contracts. In general, both sides got what they wanted: The airlines got lower segment fees and the GDSs got guarantees of full content, a critical issue for their subscribers, for the life of the five- to seven-year agreements. The subscribers, particularly ...

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