Transportation: The Incredible Shrinking Airline

There were smiles and handshakes and promises of success aplenty last March when Braniff airlines resumed flying after being grounded in bankruptcy proceedings for more than l½ years. But the Dallas-based carrier, which converted to a discount airline last September, has not regained its cruising speed. Last week, in an apparent act of desperation, Braniff said it would cut its fleet of 30 jetliners to ten and indicated that it may lay off as many as 1,200 of its 2,100 workers. The carrier will halt service on Nov. 5 to ten cities now on its route map, including Detroit, Houston...

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