Headline News
Cab Makes New Cuts in Subsidy Estimates
Substantial cuts in airline subsidy are revealed in Civil Aeronautics Board’s latest estimate of service mail pay and subsidy for U. S. air carriers. The new CAB figures show considerable decreases from estimates made six months ago. In September, it was estimated that subsidy would be $80,448,000 for fiscal 1954, $79,426,000 for fiscal 1955 and $79,100,000 for fiscal 1956.