US passenger and cargo airlines should earn $4 billion this year excluding bankruptcy restructuring and reorganization gains, up from an estimated $2-$3 billion in net income in 2006, according to ATA's annual economic outlook released yesterday. "The outlook for 2007 is the most promising in years, thanks to a healthy revenue environment and the realization of extensive cost-reduction efforts," ATA VP and Chief Economist John Heimlich said. Assuming the forecast becomes reality, 2006-07 ...

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