Word: cab
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Dates: during 1960-1969
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...well-intentioned but debatable policy. To keep weaker lines from bankruptcy it has given them good routes in direct competition with the strong lines. With rare exceptions the added competition hurt the strong and weak lines alike. Classic example: hoping to help out much-troubled Northeast Airlines, the CAB permitted it to fly the blue-ribbon New York-Miami route in competition with vigorous Eastern and National. Result: not only has Northeast failed to make a profit, but the sharp competition has turned the other two lines' black ink to red on that route...
Friendly Natives. The engaging friendliness of most people in the U.S. never fails to amaze foreign tourists. A Manhattan cab driver drove one Dutch couple around New York with his meter shut down because "I want to show you a city I'm proud of. If you took the trouble to come over here, I can take the trouble to show you some of the city." Driving through Alabama, a German tourist with German plates on his car noticed that he was being tagged by an American car. The car finally pulled up alongside of him, and the driver...
...major policy turnabout, the Civil Aeronautics Board last week went out in search of a merger partner for ailing Northeast Airlines. Historically, CAB has been hostile to airline mergers. But under its new chairman, Democrat Alan S. Boyd, 38, the board has decided that mergers are "one of several highways out of the airlines' current problems." For Northeast, which lost $8,000,000 last year, merger is probably the only...
Like Capital Airlines, which earlier this month merged with United Air Lines, Northeast is in part a victim of CAB's ill-advised attempts to strengthen weak airlines by granting them additional routes. To shore up Northeast, which began as a regional carrier in New England, the board five years ago granted the line the right to fly the blue-ribbon New York-Miami route, which Eastern and National Airlines were already flying. Against such entrenched lines, Northeast could not attract enough passengers to make money for itself, and it cut so deeply into Eastern's and National...
...CAB has no legal authority to force mergers, but can make them the easiest way out. Northeast's certification to fly the New York-Miami route is due to expire in November. Simply by okaying the renewal application, CAB can create a situation in which either National or Eastern might well be willing to merge with Northeast just to get rid of the overcompetition...