Noting the US airline industry saw its seventh consecutive year of profitability in 2016, FAA is projecting the US will see a “competitive and profitable aviation industry characterized by increasing demand for air travel [with] airfares growing more slowly than inflation” over the next 20 years, according to the agency’s annual Aerospace Forecast for fiscal years 2017-2037. “Looking ahead, there is confidence that the industry has been transformed from that of a ...

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