U.S. Airlines Seen Cruising Past European Peers’ Woes

Recent concerns that Gulf airlines’ aggressive expansion will weaken profits at major U.S. airlines may be overblown, given the stronger domestic economy and slower capacity growth. Last month’s profit warning from Lufthansa, which said excess capacity from the Gulf is hurting prices, triggered the worries. It was followed by similar capacity concerns from Delta Air Lines (DAL) and Air France. Shares of global carriers, including

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