The Law Of The Jungle Takes To The Skies

Eastern Air Lines Inc. stops flying. Trans World Airlines Inc. cuts 50% of its international flights and lays off 2,500 people. The bad news is issuing from the airline industry in a steady drone. Since August, when the Persian Gulf crisis sent fuel prices soaring, the industry has lost more than $ 2 billion, experts estimate. Two airlines have filed for Chapter 11 protection. And strong airlines have bought or proposed buying almost $ 1.3 billion in assets from their weak or bankrupt brethren.

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