Cost reductions made by US majors, Issue 45 Apr/May 2006

Issue 45 Apr/May 2006

The US major carriers have collectively reduced their annual operating
costs by $15 billion. They expect to make further cuts to take this to $25
billion. Although yields and unit revenues are strengthening, oil and fuel
prices are high, and the industry is predicted to make a loss of $1-2 billion.

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