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Eastern cuts fares to meet East Coast competition

Dubbing itself ''a real airline'' in a battle with no-frills competition, Eastern Airlines vowed Monday to defend its East Coast turf and offered $99 one-way fares on the competitive New York-to-Florida route beginning next Monday.

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Delta Airlines quickly announced an identical fare. Pan American World Airways indicated it would also match Eastern's lower rates.

Eastern, once king of the lucrative New York-Florida corridor, has been losing market share to the low-cost carriers since the airline business was deregulated six years ago.

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