The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
A South African Airways jet crashes into the Indian Ocean, Air New Zealand's Mount Erebus disaster, Lufthansa makes its first flight to Japan, first ever flight over the South Pole in 1929, and more...
Concorde breaks the sound barrier, West Coast Airlines Flight 956 becomes the first fatal DC-9 crash, NASA is born, and the F-86 and XP-59 take their first flights.