The readiness of U.S. airlines to anticipate spending huge sums for the supersonics, after all they went through with jets, is one evidence of a general renewal of health in the airline business. The eleven U.S. trunk lines ran into heavy financial trouble in 1961-62 because of the high costs of the new jets and the disappointingly low number of new passengers, but they have earned $27 million in 1963's first eight months, v. a $10 million loss for the year-ago period.
All of the big four lines are now in good shape, and of the four none has greater reason to...
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