Shake-Out in the Skies

The nation's airlines adjust to a brave new business world aloft

Normally, the start of the summer travel season means just one thing to the U.S.'s $33 billion airline industry. As vacationers pack up and jet away by the millions, bookings rise, revenues soar and profits scoot skyward. This season the travelers will be there once again. But the nation's leading air carriers are awaiting the throngs of eager customers with attitudes ranging from uncertainty to downright trepidation. At every turn, the once proud commercial aviation business is being buffeted by economic change, and...

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