AVIATION: Big Year for Airlines

For U.S. airlines last week the air was full of flying saucers—all of them shaped like silver dollars. Never before had the industry seen such a prosperous year. In the first five months of 1951, the 15 biggest carriers revved up an operating net income of $42 million v. $4,100,000 in the same 1950 period*—a vertical climb of 924%.

American Airlines' President C. R. Smith had a simple explanation: "More people are traveling greater distances, and they want to get there in a hurry." His line, the world's biggest carrier, turned in the...

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