Bitter aerial dogfights lead to a big airline shake-out
The nation's airlines are engaged in their greatest aerial combat ever. It is also their most costly. With cut-rate fares and fierce overcompetition taking the place of missiles and machine guns, the airlines are battling for survival in an ever tougher market. They have become so intent on shooting down one another "that they seem to have forgotten how to make money. Normally late spring and summer are the peak periods for airline profits. Not so this year. Last week as many of the nation's...
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