Airline investors must be shaking with excitement - or maybe fear. Second-quarter earnings season for major US-based airlines, most definitely the worst in the sector's history, is only a few days away from kicking off.
I would not dare make predictions on whether carriers, as a group, will beat or lag expectations this time. But I am highly suspicious that there will be a divide between outperforming and underperforming companies, for one key reason that I will explore further in this article.
Because of this fork in the road, I believe that placing short-term bets