At an industry level the results for 2016 will rank amongst the top three of all time, however the reality for most airlines is quite different. Indeed, the industry result is determined by the performance of just 30 airlines. Against this background not only is the situation one where an increasing number of airlines have not benefited from what has been a favourable operating environment, they are not well placed to face what will be a more challenging condition, let alone reach a state of financial sustainability. To assist airlines achieving sustainable and profitable growth, Peter Davies has brought together

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