Word: 6s
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Dates: during 1940-1949
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...aside $2,000,000 of the grant for American, United and T.W.A., to make up losses suffered when their DC-6s were grounded in 1947 and their Constellations in 1946. In so doing, CAB established a precedent. From now on, it will reimburse the airlines for losses suffered from the grounding of new equipment by the government...
Even so, CAB may find it difficult to take away National's franchise. Baker could make a good case that CAB was being unnecessarily harsh. The grounding of the DC-6s had laid up his four newest planes last winter, and, until recently, when its air mail subsidies were upped, National had received the lowest (2½? a mile) rates in the industry. Baker has already enlisted the help of the governor of Florida, and the Miami Chamber of Commerce will fight CAB's proposal at the hearing Dec. 1. Even the strikers were worried at the prospect...
...rate war. Eastern, T.W.A. and United announced that they would also raise their extra-fare (DC6 and Constellation) rates, which had been around 10% higher than ordinary fares. American Airlines, which thought the traffic was already being charged all it would bear, kept the present fare on DC-6s, wiping out the extra-fare differential and underselling the other lines. The new basic fares brought the U.S. average to 6? a mile (highest since 1935), compared to a 3? average for railroad coach fares...
...firm which had brought over most of the immigrants under a T.C.A. subcontract, would end on April 15. That, said Howe, would help Canada conserve U.S. dollars. Furthermore, Transocean was using "substandard" equipment. (Transocean uses U.S.-made DC-4s; Trans-Canada uses Canada-made North Stars, i.e., modified DC-6s with British engines...
Hardest hit was United Air Lines, Inc., which had a $1,086,961 profit in 1946. The rise in costs, poor weather early in the year, and the grounding of all the new DC-6s swelled United's loss to $3,747,000. American Airlines, Inc., biggest domestic carrier, was also nipped by the grounding. Though its traffic (some 1.4 billion passenger miles) and gross revenues (nearly $82 million) were the highest in company history, its losses soared to $2,962,776 (from...