Praising US airlines for product innovation, strong balance sheets and wise capacity discipline, a top US Department of Transportation (DOT) official said the government is inclined to stay out of the industry’s way and let the market play out. “The lesson for us in Washington [from US airlines’ recent financial success and the emergence of ultra-LCCs] is to remove onerous regulatory burdens,” DOT undersecretary for policy Derek Kan told an International Aviation ...

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