Business: Victory over the Atlantic

Britain bows to U.S. pressure for lower airfares

It was not quite an aerial replay of the Battle of Yorktown, but the U.S. did win a significant victory over Britain last week. Since mid-February, the two countries had been deadlocked in a tense and sometimes bitter confrontation over transatlantic air fares: Washington wanted them cut. London said no. But faced with the threat that the U.S. would start restricting British flights to the rich American market, the U.K. gave in. It will now allow U.S. airlines, and presumably its own. to fly passengers between...

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