AVIATION: Losses in the Air

U.S. domestic airlines are carrying more passengers in more planes than they ever have before. But the Civil Aeronautics Board reported last week that they are losing money, nevertheless.

During the first five months of 1946, passenger revenues jumped 60% (over the same period of 1945) to a record-breaking $95 million. But the 20 U.S. air— lines showed an operating deficit of $1.6 million during the period (v. a net operating revenue of $16 million in the first five months of 1945). Only six of the carriers had greater revenues than expenses....

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!