The airline industry’s 2017 profits will not reach 2016’s record levels—but with the notable exception of some important players in the Middle East and Latin America, times could be worse for most. In spite of the decent overall business environment, a sense of unease is creeping up as the airline industry, more than in previous years, is facing uncertainty about how it is being regulated. Nowhere has this become more obvious than in the reaction to the possible extension ...

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