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Global airline industry expects record profits in 2014
Global airline industry expects record profits in 2014

The world's airline industry has rebounded from the recession and expects 2014 to be the most profitable year on record, thanks to stable fuel prices and growing travel demand. That's great news if you're an airline executive or shareholder. But don't expect the suddenly well-off airlines to pass along their good fortune to passengers by slashing fares. Industry experts do say the continued pressure from low-cost carriers should keep the big network carriers from imposing dramatic fare hikes. "People don't have to worry about fare increases," said Jan Brueckner, an economics professor at UC Irvine. Instead, airlines probably will invest more of...

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