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Moving both people and cargo regularly and reliably is one of the basic building blocks of any modern industrial economy, and increasingly that transport is done by air. Every day 800,000 passengers, 60% of them business travelers, settle down, buckle up and take off aboard 14,000 scheduled commercial flights, both domestic and international. In addition, 10,000 tons of air cargo containing everything from computer parts to goldfish are carried to destinations near and far. The immediate result is more than $30 billion per year in revenues to the airlines, and jobs for 340,000 employees, ranging from...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...growth of commercial air transport has literally changed the landscape of U.S. business. To spur their local economies and attract new corporations, cities have invested many billions of dollars in the construction and expansion of airports and terminal facilities. These have become beacons for business in their own right, complete with hotels, shops and restaurants. One of the newest in the nation is Atlanta's eleven-month-old Hartsfield Atlanta International Airport, a sprawling, twin-terminal complex designed to eliminate the congestion that had existed at the city's old one, which was already the second busiest...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

Extensive air-transport service in and out of Miami International Airport has made that city a key jumping-off point for companies doing business in South America. In recent years, more than 100 multinational corporations, including Alcoa, Du Pont, Goodyear and Borden, have opened regional offices in nearby Coral Gables, a ten-minute drive from the airport...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...transport spurred the development of business in both Hawaii and Alaska and helped to open them to statehood. It also fueled the growth of Puerto Rico and made it a leading business center of the Caribbean...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...well as businesses by the tens of thousands, would suffer jolts aplenty if protracted and real chaos wrecked the smooth functioning of commercial aviation throughout the U.S. Says Robert Joedicke, an airlines industry expert with New York City's Lehman Bros. Kuhn Loeb investment-banking firm: "Air transport is the nation's only basic means of transportation beyond 500 miles. Without air transport, you absolutely hamstring the economy." Just how much it is hamstrung will depend on the duration of the turmoil in the skies...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

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