Word: cabs
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THRIFT CLASS AIR SERVICE will be airlines' answer to CAB's request for cut in North Atlantic fares. New service would trim U.S.-to-Europe fares by 20%, but offer only sandwich-and-coffee meals, have 34 inches between seats v. 43 inches on tourist flights. Airlines at same time would boost tourist and first-class fares by about 9%, set London-New York rates of thrift class at $252; tourist $315 (up from $290), first class $435 (up from $400). But CAB frowns on "austerity service" and higher rates, may veto plan...
Capital Airlines, laden with its full share of financial troubles, flew headlong into a downdraft. In Washington last week, experts for the Civil Aeronautics Board withdrew a recommendation that Capital get a long-range route from the Great Lakes to Florida's rich vacation market, instead advised the CAB that Capital was not equipped to fly the run. CAB's reason: the original recommendation was based on the proposition that Capital would have new planes to fly the route. Since then, Capital's financial position has deteriorated so badly that it had to postpone plane deliveries indefinitely...
Capital also faced another turndown by CAB, this time on its petition for a $21.4 million subsidy for 1957 and 1958. Though Capital got off subsidy six years ago, it now wants Government help again, says it cannot stay aloft without a renewed dole. But CAB is not sympathetic...
...billion in new jets now on order, the domestic airlines last week pleaded with CAB for a fare boost. Since the airlines' request for a temporary 6% rise in fares was turned down earlier this year, several things have happened to help CAB see things more the airlines' way, including a further drop in carrier profits and the shock of Capital Airlines' recent request for a $20 million federal subsidy...
...even with reasonably good luck, being able to generate only $227 million of the $610 million still needed to pay for its new equipment." In Chicago, Eastern Air Lines Chairman Eddie Rickenbacker told a press conference that Eastern will "definitely have to defer" its big jet procurement program if CAB does not grant a fare increase...