Most of the US airlines have posted results now and all have seen profits cut back sharply due to the rise of fuel costs. Airline fares have risen enough to take-up much of this additional cost, but still more needs to be done.   As we mentioned in December, buying into US airline shares where possible at that point was a sure bet in the short term, you would normally expect this week to be the high point for US airlines as fuel increases during 2012 further damages profits along with the question of how much further can air fares

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