US airlines may not be growing, but their discipline means they are earning money.
A year ago, in the aftermath of USmajor airlines posting one of their best earnings performances in years in the 2010 third quarter, US Airways chairman and CEO Doug Parker asked a pertinent question: Would the industry “give into temptation” to raise capacity and loosen its grip on cost control? Or would carriers, chastened by the 2008 financial crisis, retain the discipline that allowed them to return to the black last year despite tepid economic growth? Sure enough, since ...
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