Word: airlinese
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Would a war in Iraq deal a crippling blow to America's already limping airline industry? According to a new study commissioned by a major airline and obtained by TIME, half of America's large airlines could be bankrupt within a year if war--even a brief one--breaks out...
The report's author, Mark Gerchick, a former top official at the Department of Transportation and now an independent consultant, notes that during the 1991 Gulf War, airline bookings dropped 8.5%, which helped drive even perennially profitable Southwest Airlines into the red. But the industry entered that conflict in much...
Either way, US experts believe the Iraqi intelligence service will set the plots in motion, then recruit or extort amateurs to do the dirty work. That's why the FBI is aggressively monitoring the 20 or so employees of Baghdad's mission to the United Nations and the smaller Iraqi...
The ash heap of the airline business is littered with start-ups that tried to imitate a successful carrier and failed. But these are desperate times. Next week, 75-year-old Delta Airlines, which is losing money along with most other major airlines, will announce details of its own start...
SENTENCED. RICHARD REID, 29, would-be shoe bomber and self-proclaimed al-Qaeda member, to life in prison, for trying to blow up an American Airlines flight from Paris to Miami in December 2001; in Boston. He pleaded guilty to the charge last year and at his sentencing shouted at...