Higher fuel prices continue to erode U.S. airline profits, but executives at the four largest carriers are confident their focus on lower costs and targeted revenue-generation will keep them solidly in the black without deep capacity cuts. “The fuel price volatility has certainly been somewhat dysfunctional within the industry over the last several years,” Delta Air Lines CEO Ed Bastian says. “We’ve all talked about that. And fuel prices, where they are today, ...

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