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Why high oil prices are actually good for airlines

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NEW YORK (AP) — Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business. In the past six years, airlines have overhauled the way they operate to adjust to this new reality. They've shown more discipline by offering fewer seats, which ensures airfares are high enough to cover costs. Unprofitable routes have been eliminated. And...

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