Word: doles
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Dates: during 1960-1960
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...airlines exuberantly overexpanded. Instead of using its power to impose restraint, CAB approved patchwork and often uneconomic route structures. Result: subsidy payments to airlines jumped from $19.7 million in 1946 to $83.8 million in 1950, before dropping again. Though all trunk lines are now off subsidy, CAB expects to dole out $69.3 million in fiscal 1961 to small feeder airlines, which still do not have enough money to replace their obsolete equipment...