Although the sky-high energy prices of the past 18 months have created major hardships for the airline industry and driven a few to the edge of the financial abyss, a positive side effect for beleaguered legacy carriers has been the stifling of interest in spreading the low-fare revolution into the arena of long-haul intercontinental services. Even investors with kerosene in their veins know that with Brent crude pushing $54 a barrel, this is not the time to take a flyer on a couple of ...

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