US airlines say they made exactly the right moves in the first half of last year to prepare for the global financial downturn--even though they had no idea it was coming. The industry scrambled to counter ballooning fuel costs amid predictions that per-barrel crude oil prices, already at $150, would hit $200 or higher. Oil prices instead plummeted to as low as $40 per barrel earlier this year (although they since have climbed back to the $50 range), but the measures the carriers took--large ...

Subscribe to Access this Entire Article

"Were They Tough Enough?" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.