From a profitability point of view, North America clearly remains the best region in the world for an airline to be based. Nearly half of the $33.8 billion profit IATA is projecting the world’s airlines will collectively achieve in 2018 will come from North American airlines ($15 billion). No other region has such a wide array of profitable airlines—from major global operators to ultra-LCCs. But the past year has not been free of turbulence for the region’s airlines.Just as ...

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