AVIATION: Progress Report, Jan. 17, 1949

The fog of deficits that has shrouded airlines' operations for two years showed signs of lifting last week. The Air Transport Association in its annual report exuberantly called attention to the clearing weather. Last year, said ATA, had been one of the safest on record: only 1.41 fatalities (down from 3.2 in 1947) for every 100 million passenger miles flown.

Thanks partly to a boost of nearly 50% in freight & express business, finances had improved even more. ATA estimated that U.S. scheduled airlines would show a 1948 loss of only $6,735,000, as...

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