Word: airlinese
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How many do what, and how lavishly they do it, has everyone in the destination and shopping businesses sweating bullets and airlines sweating howitzers. (And it?s a cold, cold sweat.) Not to mention the economists and the markets, whose current state of agreement that all this long-cold-winter...
Even before Sept. 11, the airline industry was in trouble. The weak economy was cutting sharply into business travel, whose high-margin tickets account for nearly 80% of industry profits. Costs were skyrocketing, pushed by labor contracts negotiated in flush times. And now travelers, worried about security and wary of...
When things go bad at this time of year, they go very bad. Airlines depend on the holidays, slogging through cheerless Octobers, waiting for the full planes, and often full fares, of Thanksgiving and Christmas. But this season, Americans are more reluctant to fly than at any time in recent...
To be sure, security has improved. Last week the airlines finished installing bars on cockpit doors to keep passengers from assaulting the pilots, as the hijackers did. And President Bush announced last week a 25% increase in National Guard troops, to a total of 9,000, who will be stationed...
Congressional squabbles have also slowed progress on another key issue: international-flight manifests. Most airlines transmit passenger lists to U.S. Customs as flights take off, so they can be checked against databases at 24 federal agencies, including the FBI and the INS, and compared with terrorist watch lists. But Saudi...