Business: Strike Settlement

Peace came to strike-bound Eastern Air Lines last week—at a high price. The line's 550 A.F.L-C.I.O. flight engineers, who went back to work after a 38-day strike, won a smashing victory. The company rescinded its earlier order that engineers must be pilot-trained to serve in jets, agreed instead to place a third pilot in its DC-8s, which will go into service next year. The line boosted the engineers' average annual pay by $1,200 to a top of $13,260, consented to an "agency shop" clause under which all engineers must pay union dues.

American Airlines...

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