To the airlines' mayday pleas for a fare boost, the Civil Aeronautics Board last August gave a majestic, bureaucratic answer. It was already conducting something called the General Passenger Fare Investigation, planned for hearings to go leisurely on until 1959. As they droned on, platoons of economists racked up 5,000 pages of testimony proving that 1) fares are now 9% lower than in 1949, while costs are astronomically higher, 2) the airlines cannot raise money to buy jet fleets. But all this failed to excite CAB. Not a single one of the...
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