Airlines: Flak from the Boss

The nation's airline executives felt a little like the man who asked the boss for a raise and wound up being asked to take a cut. They recently petitioned the Civil Aeronautics Board for a 50¢-per-ticket increase in first-class fares, hoping that the raise would make up for some of the $17 million in annual excess-baggage charges that will begin to diminish this week when more generous baggage allowances go into effect.* The CAB not only turned down the proposal, but told the lines that they are in an excellent position now...

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