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What consolidation has wrought

US airlines have announced record profits – load factors are at all time highs.  Fares are higher than you would think necessary with fuel prices down considerably.  Consolidation has been excellent news for the US airline industry. But what has…

Premium #145 – Will Capacity Discipline Hold in the US Airline Market?

The US airline industry has rebounded solidly, showing its best profit margins since 1999.  With fuel prices dropping, the potential for even better airline financial performance appears on the horizon, positively impacting airline equities. Historically, there has always been either…