Airline revenue growth has been stronger than expected in recent quarters, particularly in the U.S.. However, we note that U.S. airlines as a whole are likely to be only barely profitable in 2006 and have distressed balance sheets.
Airline revenue growth has been stronger than expected in recent quarters, particularly in the U.S.. However, we note that U.S. airlines as a whole are likely to be only barely profitable in 2006 and have distressed balance sheets.
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