At TD Cowen’s 16th Annual Global Transportation Conference, the prevailing theme was the recent restated guidance from several carriers for the third quarter in light of rising fuel prices but also the need to continue adding long-haul capacity. Helane Becker provided a succinct overview of the first day of the conference, noting that airlines all expect strong international passenger demand with transatlantic performing well but with many most bullish on Pacific traffic coming back on stream. Becker writes: “United and Air Canada should benefit the most from the recovery in this market. Air Canada is well positioned to capture demand

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