AVIATION: Made for Each Other

As an aerial stuntman in the '20s and as a commercial airline pilot in the '30s, James Henry Carmichael earned a reputation for smart flying. Since becoming president of Capital Airlines in 1947, "Slim" Carmichael has shown the same talent for piloting an airline. He took over Capital when it was losing more than $2,000,000 a year, cut costs by slashing his staff to the bone and boosted business by starting cut-rate coach service. In 4½-years, he pulled Capital out of its nose dive, climbed to a $1,756,490 profit in 1951, and cut the line's debt from $14,000,000 to...

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