In the golden era of jet planes, U.S. airlines are flying in the red. Though their revenues have climbed steadily from $1.4 billion in pre-jet 1957 to an annual rate of $2 billion so far this year, the nation's eleven major domestic airlines collectively have lost some $20 million in the first half of 1961. Trans World Airlines alone lost $10 million, while Eastern, National, Northeast, and Western also turned in deficits. On the usually rich North Atlantic run, Pan American dropped close to $2,000,000, and this month its big jets were winging to Europe little more than half...
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