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Air Travelers Get Bargains as Airlines Pursue Fares
New York AP report details a brief period of price competition among U S domestic carriers after the CAB allowed a one percent fare hike. Several major airlines raised rates while others held off, planning increases in March or April. In 1975 eight of ten carriers posted losses, with TWA worst at 86.3 million and Delta strongest with 374 million yearly profit. Jet fuel costs rose, hurting profits, while the Concorde faced regulatory hurdles for entry to New York and Washington.
MENTIONED IN THIS ARTICLE
New York
Miami
Civil Aeronautics Board
CAB
Reading
Trans World Airlines
Brant Airways
United Airlines
American Airlines
Western Airlines
Continental Airlines
Bat
Delta Airlines
Northwest Airlines
National Airlines
Eastern Airlines
TWA
Eastern
Pan Am
Delta
Robert Joedicke
Wall Street
Kuhn Loeb & Co
Bert Fingerhut
Oppenheimer & Co
Europe
U S
Washington
U.S