Will the Glut of New Planes Bring Down Airfares?

Photograph by Michael H. Stone/Getty Images

Airline finances have benefited radically in recent years from mergers, global alliances, and collective discipline in keeping capacity below demand. But as airlines around the world refresh their fleets with more fuel-efficient jets, the flood of new aircraft could ultimately lower ticket prices, according to a report from KPMG, the global consulting and audit firm.

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