FOLLOWING A BETTER-THAN-expected 2006, 2007 may well be the peak year in the current airline earnings cycle and certainly will surpass last year's result. Analysts with whom ATW spoke are guardedly optimistic about the New Year, with expectations for the first industrywide net profit since 2000 barring any new shock(s) to the system. To be sure, at least one major unknownthe price of oilhas the potential to turn this beauty into a beast very quickly. For the present, however, airlines are ...

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