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Airlines Need a New Approach

Stock quotes in this article: DAL , CAL , AMR , UALAQ , LUV , JBLU , UAIRQ , AWA , NWAC , FLYI  

Back in May, Michael Palumbo, then Delta Air Lines' (DAL Quote) chief financial officer, cautioned that no commercial airline business model works when crude oil costs between $50 and $60 a barrel.

At the time, oil was trading around $49 a barrel, but executives feared it would rise again to the mid-$50 range.

Now that crude has established itself around $65, it raises the question of what's next for the beleaguered airline industry. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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DOWN
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