A lift for Atlantic traffic
Freddie Laker, the poor man's Pegasus, is walking on air. His Laker Airways' no-frills Skytrain, a bold gamble to lure passengers between New York and London with a pinchpenny round-trip fare of $245, is paying off like the Irish Sweepstakes. After seven months of operation, an ebullient Laker reported last week:
"We've carried 117,000 passengers, averaged a 78% load factor and grossed some $14 million"$1.5 million of it in profit.
Last week the British government granted Laker permission to offer a similar daily flight between Los Angeles and London for $382 round trip, beginning Sept. 26. This week Laker...
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