North American carriers are expected to deliver the strongest financial performance in 2019 with a $16.6 billion net profit, up from $14.7 billion in 2018. That is a 6% net margin and represents a net profit of $16.8 per passenger, a marked improvement from just six years earlier. Net margin is up from 2018 (5.7%) as low levels of fuel hedging allow lower prices to impact immediately. Profits are further buffered by high load factors and ancillary revenues. European carriers are expected to ...

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