MUCH OF THE FOCUS IN THE airline industry over the past year has been on the soaring cost of fuel and the multitude of revenue-raising possibilities, such as charging for checked bags, that some carriers have undertaken to survive the current crisis--with good reason. IATA is predicting an industry loss of $5.2 billion this year as oil prices remain high while demand weakens, and it suggests that 2009 won't be much better. And this forecast was made before the meltdown on Wall Street ...

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