WSJ sees recovery for airline industry

12/8/2009 | Wall Street Journal, The

With business travel expected to rebound next year and liquidity concerns under control, the airline industry "appears to be headed toward a recovery," according to The Wall Street Journal. November traffic was up at five of the nine biggest airlines in U.S., and steep capacity cuts meant fuller planes in many markets. While fares have retreated to 1998 levels, according to the Air Transport Association, industry observers say carrier efforts to generate additional revenue are starting to pay off and business travel is showing signs of rebounding.

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