The Wall Street Journal reports that to return to something resembling profitability, the airlines have resorted to the last resort—doing the obvious. Namely: Stop doing dumb things. I.e.: Get rid of flights that lose money.
(The WSJ earlier reported that financial analyst Donald V Potter had examined ROA/return on assets leaders in 240 industries. The chief commonality: Profit/ROA stars "aggressively weeded out customers who generate low returns.")