Word: airlinese
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Dates: during 1970-1979
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American, the third largest carrier, showed a $24.8 million profit for the quarter, v. a loss of $1.5 million last year. Like the other airlines, American was favored by extraordinarily good business in June as school let out, vacations began and Bicentennial travelers lined up at airline ticket counters around...
Profit Plan. Some of the gains were not all they appeared to be. Pan American's net, for example, included an income tax credit of $30.8 million from prior losses; the airline has not turned a year-end profit in seven years and is selling off some of its...
A number of factors have come together to produce the higher second-quarter results: increased fares (up 18% domestically in 2½ years); fuel costs that, while high, have remained relatively stable; and a rise in traffic of 8% to 10%. A 16% increase in travel to Hawaii in early...
Neither Wall Streeters nor airline executives think the improvement so far this year will do much to alter the long-range problems of the industry, even though the spring quarter's performance appears to have canceled out the $115.3 million lost by the major trunks during the year'...
The most worrisome uncertainty is the Ford Administration's move toward "deregulating" the airline industry by, among other things, allowing competitors easier entry into the established airlines' markets, thus at least theoretically putting downward pressure on fares. That, say airline chiefs like TWA's Charles Tillinghast Jr...