AIRLINES Leaving Their Dollars President Johnson's proposed travel tax would hurt all airlines that fly be tween the U.S. and Europe. But it figures to work a special hardship on foreign carriers, since they currently handle 60% of all transatlantic traffic.
In an effort to build good will with potential American passengers, West Germany's Lufthansa airline last week pledged to do its bit to combat the U.S. balance of payments problem. "Effective immediately," the airline announced, "Lufthansa will keep all dollar revenues in the U.S.A."
The policy, described in full-page newspaper advertisements in the U.S., would affect "every cent of every dollar...
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