Saying that the airline industry's fortunes will improve somewhat in 2005 is overly optimistic for some carriers while being a bit too dark for others. Yet, on average that's what the year will bring...unless. "Unless" in this case is an ugly word that underlies everything about this forecast's promise of growth, a growth that is relatively normal in that it will be driven by world economic conditions-except for oil. However, a portion of that growth, varying widely by region, will be ...

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