AIRLINES: A Costly Compromise

After months of excited talk about sensational fare cuts on flights across the North Atlantic this summer, international airlines finally gave passengers the real news last week: starting April 15, rates will, in fact, go up. The 109 lines that are members of the International Air Transport Association, the industry's rate-fixing cartel, actually decided to continue fares at present levels through the rest of 1973—with certain adjustments to reflect recent rejiggering of currency-exchange ratios. For Americans paying for their tickets in devalued dollars, prices will thus rise an average 6%, boosting the round-trip cost of the cheapest scheduled...

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