Air Transport Assn. said data from the first quarter reveals that US airlines' costs rose 10.6% compared to the year-ago quarter. "Costs of running an airline continue to rise. . .driven primarily by a 12.6% [first-quarter] cost surge in fuel," VP and Chief Economist John Heimlich said. "Fortunately, airlines were able to compensate with a 16.7% improvement in fuel efficiency and continued vigilance on other controllable items." The three largest cost components were labor (24.5%), fuel ...

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