However, there wasn't cause for celebration for long, since Pan Am also dropped the cost of its transatlantic journeys to compete.
The 1980s arrived and it wasn't kind to all commercial airlines. In this photo, at the turn of the decade, Laker can be seen celebrating further cuts to the fares of his transatlantic Skytrain service. However, there wasn't cause for celebration for long, since Pan Am also dropped the cost of its transatlantic journeys to compete. The recession of the early 1980s hit Laker hard too.