Airline Finance News - North America.

Rising fuel prices impeding US airline recovery. Continued rising fuel prices are undermining the "remarkable overall progress being made by the US airline industry to return to profitability," the US Air Transport Assn. said yesterday as it called for airspace modernization to mitigate the impact. Continued rising jet fuel prices are impeding the remarkable overall progress being made by the U.S. airline industry to return to profitability. The industry's total fuel expense more than doubled from 2003 to 2005, and increased $10.3 billion from 2004 to 2005 alone, wiping out any ch