Air fares going upMajor airlines plan to raise fares...

BUSINESS DIGEST

October 13, 1992

Air fares going up

Major airlines plan to raise fares between $10 and $30 on all their routes Thursday, one month after a similar increase ended a summer of cut-rate airplane tickets, airline officials said yesterday. The increase would be about 5 percent.

Dow Corning's earnings drop

Dow Corning Corp. said yesterday its third-quarter profit plummeted 60 percent from a year ago largely because of stagnant economies in many nations where it sells silicone products. Dow Corning earned $16.4 million in the three months ended Sept. 30 compared with $40.5 million a year ago. Sales rose 9 percent to $500.6 million.

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