In Manhattan the International Air Transport Association last week ended ten days of wrangling over temporary new minimum fares on North Atlantic air routes. It might have saved itself the trouble. The new rates, which must be approved by the U.S., British, Canadian and Swedish Governments, were only a smitch under the old high rates.
The New York-to-London fare would come down to $360 from $375, one-way fares to Stockholm would drop to $455 from $495. The new fares were based on a rate of about 10.4¢ a mile v. 4.5¢ on domestic U.S....
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