=+The airline industry is notorious for boom and bust cycles. Why is airline profitability very sensitive to
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=+The airline industry is notorious for boom and bust cycles. Why is airline profitability very sensitive to these cycles? Do you think that during a down cycle the strategy to consolidate routes and raise ticket prices is reasonable? What would make this strategy succeed or fail? Why?
Source: Edwin McDowell, “Empty Seats, Empty Beds, Empty Pockets,” The New York Times, January 6, 1992, p. C3.
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