Business Notes AIRLINES

While dogfights roil America's deregulated airline industry, air service within the European Community operates with the gentlemanly politeness of a private club. Prices, schedules and routes are coordinated among the twelve member nations, and many fares are kept artificially high. That is about to change. Last week the Community adopted measures that will help loosen public controls over European airlines. The accords permit the carriers to increase flight frequency and discount standard fares by as much as 65% without seeking the approval of any governments.