AVIATION: Outlook: Drab

T.W.A., still queasy over its financial troubles, last week had to swallow more bad news. The three-man arbitration board set up to end the T.W.A. strike (TIME, Nov. 4) unanimously awarded basic increases of from $26 to $122 a month for pilots and copilots of T.W.A.'s four-motored DC-4s and Constellations. The boosts were retroactive to Nov. 15.

Both the gold-plated Air Line Pilots Association and T.W.A. seemed satisfied with the board's decisions, which they had agreed in advance to accept. Most other airlines expected that the new wage scale would provide a pattern for all airlines. For T.W.A. and the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!