No industry has been hurt more by the outbreak of international terrorism than the airlines. Advance bookings on U.S. carriers flying to southern Europe have plummeted by about 50%, analysts say. Pan Am, the largest U.S. overseas carrier, is now fighting back with a security program called Alert to reassure passengers that the skies are safe. Pan Am has formed a security force, which will begin patrolling its international terminals on June 12 and whose services it will sell to other airlines. Pan Am says some of the squad's units will be armed, but it will not specify how heavily or...
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