Airlines: More of Everything but Earnings

U.S. airlines pride themselves on being the industry of tomorrow. On the way to that roseate tomorrow, they are running into considerable turbulence today.

In a sense, the airlines have been buffeted by their own success. Airline revenues have more than tripled during the past decade, and the industry expects to transport 300 million passen gers a year on domestic flights by 1975, compared with 125 million last year. Gearing themselves to the crush of expected business, most major carriers have been busily adding new flights to their schedules and laying out...

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