Aeronautics: Black Year & Big Three

Aviation companies hope never to see another year like 1930. Already ridden by its own ills, the industry was laid still lower by the Depression. People who might otherwise have flown were unwilling or unable to spend the money. Last fortnight appeared the year's reckonings of the three greatest domestic aviation companies: Curtiss-Wright Corp., which in 1929 lost only $668,532 during its first five months, showed the industry's greatest net loss for 1930—$9,012,919. Included in that total was an extraordinary charge of $2,254,842 for inventory adjustment and development write-off. More than...

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