WASHINGTON—Solid macro fundamentals combined with capacity pressure created by the Boeing 737 MAX grounding have set U.S. airlines up for a strong summer season, analysts at Cowen & Co. project. “With moderate capacity growth and strong demand trends, the airlines are seeing improved pricing heading into the peak travel season,” Cowen wrote in a recent research note. U.S. airlines bolstered their positions with a $5 one-way increase in early May that was started by ...


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