U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts

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U.S. airlines have decided to reduce their growth plans in an effort to curtail profit-decreasing fare discounts. This move is largely a response to the rise of low-cost carriers and changing customer behaviors which put pressure on the traditional airlines to offer competitive fare discounts, often eating into their profit margins. By scaling back on growth, these airlines aim to adjust their supply to meet the actual demand, avoid overcapacity, and subsequently maintain reasonable fares without sacrificing profitability.

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