AIRLINES High-Level Mess While the world monetary system continues to rattle and shake, another citadel of international agreement is falling further into disarray. The airline cartel, embodied in the 108-member International Air Transport Association, has entered a fresh round of warfare over transatlantic air fares. Passengers stand to benefit from lower fares, but some lines may suffer disastrous losses.
The latest eruption came after Pan Am and TWA sent officers to Washington two weeks ago to ask the Civil Aeronautics Board to intervene in the fare fight. In a complex and involved maneuver, the lines wanted...
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