North America’s airlines continue to be the financial powerhouse of the global air transport industry, driving about 50% of the expected $31.4 billion net profit IATA predicts the world’s airlines will achieve in 2017. That major US airlines will earn strong and consistent profits is no longer questioned; but the problems US carriers face are largely the result of their ongoing financial success. “We’re at that stage in the business cycle where success is starting to ...

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