One of the least known but most notable contributors to the industry’s performance is private equity.
Over the past two weeks, one U.S. airline after another has reported record earnings for 2014. This was the fifth consecutive year of industry profitability, during which time aggregate net income exceeded $30 billion, considering the same industry lost $29 billion from 1990 through 2009. Several factors have contributed to the industry’s change in fortune. Read More>>