U.S. airlines have achieved one of the most astonishing comebacks in the past year. Once operating aging fleets with old and noncompetitive onboard hardware such as out-of-date business-class seats, the legacy industry has experienced a much-admired rebirth, thanks to a combination of low fuel prices and consolidation. In an industry struggling with falling yields for decades, many U.S. airlines are now thriving. So far so good, but that does not mean these carriers will continue on this ...


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