Considering the precipitous drop in revenue and yields and the fact that general anxiety about the weak economy was exacerbated by the swine flu scare, US passenger airlines' second-quarter financial results could have been far worse than they were. Even with key indicators decidedly not in their favor, six of the nine largest airlines earned a net profit during the three-month period and seven of nine were profitable on an operating basis. Overall, the nine US majors posted a cumulative net ...

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