Aviation: Flying Cash Registers

With automobiles and yachts, ski weekends and Caribbean vacations, Americans spend more of their income (10%) on transportation than any other people. This $50-billion-a-year penchant for going places has created a healthy tail wind for the nation's airlines, which last year ticketed more passengers, carried more freight and made more money than ever before.

Last week, aware that the most flights over a given route usually capture the most business, three big airlines placed a dazzling bet on new equipment designed to give them a competitive edge in the race to attract even more Americans to the skies.

Plum for...

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