AVIATION: The Profitable Jets

After five months of U.S. service, the jet planes are proving an airline's delight. With five Boeing 707s in daily service to Paris and six weekly to London, Pan American last week reported an average 90% of seats filled (43,400 transatlantic passengers to date) v. the usual 50% to 55% load factors at this time of year. Moreover, because the jets have stimulated all travel. Pan Am's total transatlantic business has jumped 46% in the last two months, with even bigger increases on the way. Advance bookings for the summer travel season are up 236% in economy class, up 340%...

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