Aviation: Storm over the Atlantic

The biggest international ruckus of the jet age last week found the U.S. standing almost alone against nearly a score of foreign airlines. The dispute centered on fares on the heavily traveled North Atlantic run, where Pan American and TWA are engaged in hot competition with no fewer than 16 foreign airlines. The foreign airlines—most of them prestigiously losing money for the governments that run them—want to make changes that will, in effect, raise fares on the North Atlantic run 5%. The U.S. is holding out against the fare hike—and would, in fact, like to see fares cut. "The...