ABOUT ALL THAT CAN BE SAID concerning the New Year is that it probably will be a better one for airlines than were 2009 or 2008. This won't be difficult, given that these were two of the worst years in what is the worst decade that commercial aviation has ever experienced. Yet the presence of some wild cards in the deck makes predicting too much upside a risky bet. Foremost among them is the strength of the nascent economic recovery, but excess capacity and weak yields have the ...

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