The US passenger airline industry returned to profit in the second quarter but a slowing economy is cause for concern.
While US consumers are clearly still jittery about the nation's fragile economic recovery, the country's major airlines believe they've found a formula for operating profitably even in a slow-growth environment: Stay disciplined on capacity, develop new sources of revenue via ancillary charges and keep nonfuel costs under control. With Delta Air Lines leading the way with a $467 million second-quarter profit, the US's nine largest carriers posted cumulative net income ...
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