Word: aires
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...That's certainly what the Indian government hopes will happen by combining Air India, which flies mainly internationally, and Indian, which concentrates on domestic routes. The state-run carriers have been losing market share to better-managed private airlines for years. India's Minister for Civil Aviation, Praful Patel, says the merger will improve operating efficiencies and cut costs by up to $150 million a year. Similar competitive advantages are being sought by Jet Airways. Jet became India's most successful airline after launching in 1993, but in recent years it has lost market share to low-cost upstarts like...
Amid the gloom and doom is the surprisingly cheerful Delta Air Lines CEO Gerald Grinstein, who came out of retirement to take over the airline three years ago. Now that the No. 3 carrier is emerging from 19 months of bankruptcy restructuring on April 30, and with his legacy at the company securely in place, Grinstein, 74, plans to retire (again) this fall. Until then, he is savoring a victory lap. On May 3 he flies Delta to New York City from his home base of Atlanta to relist the airline on the New York Stock Exchange as DAL, with...
Instead, airlines taunt us with a byzantine yield-management pricing system that tries to factor in fuel prices, weather, congestion and everything else that complicates air travel. "It's not like any other business I know," says Grinstein. Selling an airline ticket is "more like trying to figure out a prisoner's dilemma than it is about trying to sell a can of paint." (Guess who's the prisoner?) Compare JetBlue's walk-up fares with Delta's advance-purchase fares, he says, and you'll see little difference. Still, demand is unusually high this year, meaning travelers should expect...
...tenacious athlete--he got his Taekwondo black belt at 78--Valenti was well suited to his role as Hollywood lobbyist-ambassador. One of Lyndon Johnson's closest aides, he was in the motorcade in which John F. Kennedy was killed and attended Johnson's sober swearing-in on Air Force One. As head of the MPAA from 1966 to 2004, he championed open markets for movies, fought digital piracy, decried censorship and launched the self-policing U.S. rating system...
...spell, with three different CEOs since 1999. "There has been a lot of turmoil at the top," says John Leffingwell, president of Leffingwell & Associates, an industry consulting firm. "But for the first time in years, things seem to be turning around." And the smell of competition is in the air...