AVIATION: Hope-Lined Clouds

For U.S. airlines, the question in 1947 was not how good, but how bad, was business. Last week, as its annual reports came in, the industry added up the answer: the 16 scheduled domestic airlines had lost more than $20,000,000.

Hardest hit was United Air Lines, Inc., which had a $1,086,961 profit in 1946. The rise in costs, poor weather early in the year, and the grounding of all the new DC-6s swelled United's loss to $3,747,000. American Airlines, Inc., biggest domestic carrier, was also nipped by the grounding. Though its traffic (some 1.4 billion passenger miles) and gross revenues...

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