Word: braniff
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Dates: during 1950-1959
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...Midwest, Braniff International Airways and Mid-Continent Airlines seemed made for each other. They both tapped different territories, had no competing routes, and fed passengers to each other. Last week, with the blessing of CAB and stockholders of both lines, they merged. The new line will be known as Braniff. Mid-Continent's stockholders will trade 1½ shares of their stock for one share of Braniff's. The merger boosts Braniff's domestic routes from 4,831 miles to 10,234 (plus 7,599 miles of routes in Latin America), increases the number of its planes...
...been urging such mergers not only to improve airline service but to cut costs, and thus reduce the size of airline subsidies. Tom Braniff, who will continue to boss the line he founded 24 years ago with a single-engine Stinson plane and 116-mile route, is not anywhere near through expanding. He has applications pending for routes into Pittsburgh, New York and Washington and hopes, by equipment transfers with other lines, to extend his service to the West Coast...
...Others: Northeast and Delta (TIME, Oct. 9, 1950), National and Colonial (TIME, Dec. 24), and Braniff and Mid-Continent (TIME...
With more than 7,000 miles of connected airlanes running right up the center of the U.S., Braniff International Airways and Mid-Continent Airlines have long believed that two can live cheaper than one. During 1951, Braniff gave Mid-Continent $334.857 in interline business, while Mid-Continent handed Braniff $270,113 worth of passengers and freight. -Last week the two decided to take the big step and merge. If stockholders of both lines and the Civil Aeronautics Board approve, 1½ shares of Mid-Continent common stock will be exchanged for each share of Braniff. The new line...
...Operating % Increase Income over 1950 American $12,814,000 570 Eastern 9,830,000 90 United 7,854,000 -* National 3,529,000 155 T.W.A. (domestic) 2,906,000 -* Delta 2,266,000 130 Braniff 1,220,000 500 Western 829,000 260 Capital 786,000 200 Chicago & Southern...