Asian carriers remember 2010 as their golden year: Fuel prices were moderate, LCCs were still modest in number and size, cargo was booming and the region’s economies were roaring back from the global recession. For U.S. carriers, the golden year was 2015, a blissful time of cheap oil and strong demand. And European carriers? For most of the big ones, the year they’ll remember with fondness forever? 2017.
