If fuel costs are under control, then why are airlines stalling?

ishot-2The Bureau of Transportation Statistics has some fresh numbers this morning that suggest airlines are no longer spending a fortune on fuel. Last August, domestic carriers spent an average of $2.02 per gallon on fuel — up from $1.90 a gallon the previous month, but down dramatically from the $3.54 in August 2008.

Given that fuel prices — which, after all, were the excuse for adding more feesseem to be under control, what’s wrong here?

Why are carriers like Southwest posting losses?
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