Transport: Air Rates Down

Last autumn Transcontinental & Western Air infuriated its two major rivals, United and American Airlines, by cutting its fares about to railroad levels (TIME, Nov. 9). TWA took this risky step for two reasons: to counteract the usual traffic slump in winter and to counterbalance the fact that both United and American temporarily had more luxurious equipment. American got the first Douglas DC-3 sleepers last year, did not dare put an extra fare on them in the face of TWA's cuts. United, however, did add a $2 surcharge for the non-stop run from...

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