Word: 8s
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Dates: during 1960-1969
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...concentrating on fewer models than General Dynamics. Douglas has managed to keep its cost on the long-range DC-8 jet down to $292 million. But with 172 DC-8s sold and 146 delivered, a Douglas spokesman admits that "we're still developing the plane.'' Back in the halcyon piston days, it cost Douglas only $42 million to bring forth the profitable DC-6. In the last two years the DC-8 has hit Douglas with $53 million in losses after balancing the costs against profits from other divisions...
Federal Aviation Administrator Najeeb Halaby saw no reason to ground the 96 DC-8s in service in the U.S., but issued orders for new procedures to conserve valuable hydraulic pressure when the landing supply runs...
...Capital's unprofitable short-haul runs. The new giant will serve 117 cities, spread across the U.S. in a rough H. To handle this 18,000-mile network in streamlined fashion. United al ready has on order 20 twin-jet French Caravelles, 40 Boeing 727s, six more DC-8s and eleven more Boeing 720s. These, plus Capital's Viscounts, will give United the biggest jet fleet in the nation...
...Angeles to Chicago, with an average of 32.68 miles a gallon. Other winners in their classes: Corvair Monza for four and six-cylinder compacts with automatic transmission (29.35 m.p.g.), Buick Special for eight-cylinder compacts (25.09), Plymouth Savoy for standard-sized cars (23.15), Ford Fairlane for low-priced V-8s (21.33), Chrysler Newport for medium-priced eights (19.9), and Cadillac for high-priced eights...
...months, United Air Lines finally got more jets into service and made a brilliant recovery. Its third-quarter earnings were an alltime high and gave United a respectable profit of $9,711,535 for the first nine months. Hustling Delta Air Lines, the first line to fly DC-8s, has edged ahead of its archcompetitor Eastern in the number of passengers loaded at Atlanta. Continental Airlines, first of the smaller airlines to fly its own jets, has grown up with the commercial jet age. It now flies jets on 83% of its flights, has the lowest (43%) break-even point...