Issue Overview
For the industry at large, 2015 was a year to celebrate, one likely to be its best financially, in fact, since 2010. The overwhelming force behind the good results, of course, was the dramatic decline in fuel prices that began in mid-2014 and accelerated throughout 2015. But although collective industry figures will impress, they also mask some deep distress at many airlines, including some that had enjoyed long strings of prosperity.
