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U.S.-Gulf Airline Feud Shadows Industry Amid 80% Surge in Profit

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Global airlines buoyed by a record profit forecast are also grappling with how to mend a rift between the largest U.S. carriers and their rivals in the Persian Gulf.

The annual general meeting of the International Air Transport Association began Monday in Miami with a prediction for 2015 earnings to soar almost 80 percent to $29.3 billion. Within hours, Qatar Airways Ltd. said the U.S. airlines were mounting a protectionist threat and IATA’s chief acknowledged the pressures unleashed by the dispute.