Just a few months ago, the domestic-airline industry was bracing itself for a prolonged period of rough flying. Passenger traffic was dwindling as the rest of the economy began to slow down. The energy shortage was sending fuel costs through the ionosphere. And many airline men were worried that the Civil Aeronautics Board, which was winding up a four-year study of the industry's fare structure, was about to order disruptive changes in ticket prices.
The turbulence never came. Traffic started climbing in January, partly because the gasoline squeeze forced many motorists to take to the skies for long trips. Airlines...
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