Word: cab
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Dates: during 1960-1969
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...Smith, 67, who made the line virtually the extension of his own bulky shadow (TIME cover, Nov. 17, 1958). Once the nation's largest airline, American's share of the domestic market has slipped from 22% to 19% in the past five years, partly because the CAB has kept it from expanding its routes at home as much as most other lines. Yet American has kept its profits aloft by paring costs and filling up its planes through promotional campaigns like the youth fare...
Open Up. If the five-member CAB upholds its own enforcement unit's complaints, airlines still need not stop giving VIP treatment to a diplomat whose national dignity needs flattering or to a rock 'n' roll singer who needs protection from the mob. All the petitions ask is that the airlines be required to open the same lounge facilities to everyone...
...clubs, the CAB complaints pointed out, are "wholly owned and controlled and managed" by the lines and not the members. They provide "special and superior services not otherwise or generally available" and constitute "unjust discrimination" because they "confer special favor and advantage to selected passengers" who have paid no more than ordinary travelers...
...planned a short strike, hoping that a walkout in the middle of the industry's money-making season would cause the airlines to cave in quickly. Management probably would not have been too displeased by an expensive settlement, since they would then be able to plead poverty when the CAB demanded further fare cuts...
...have found their bargaining positions frozen: the union can't back down from its demands because of internal politics and external rivalries; management fears that a union victory, which could serve as a model for other labor disputes in the near future, will bring down the wrath of the CAB...