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...more passengers are paying the premium rates to avoid the crowding and hassle of cabin class. But despite this booming business and a 32% increase in basic fares, the airlines are encountering profit problems, chiefly as a result of higher fuel prices. Says Marvin Cohen, chairman of the CAB: "Fuel has been a real bitch...

Author: /time Magazine | Title: Business: Dividends from Deregulation | 11/12/1979 | See Source »

...long strike last spring and is now being hurt by passengers cashing in and flying on half-fare coupons, has furloughed 195 pilots and 400 other employees. Braniff has pulled out of 23 of the 40 markets it entered a year ago. Pan Am, which last week got CAB approval for its plan to merge with National, has dropped some overseas routes...

Author: /time Magazine | Title: Business: Dividends from Deregulation | 11/12/1979 | See Source »

...kind of backhanded salute to its aggressiveness, Eastern and other carriers struck back with lower fares on instate routes. They forced Air Florida to reduce sharply its Miami-Tampa flights and all but abandon the Miami-Orlando run, but the airline retaliated, charging Eastern with "predatory pricing" before the CAB. Eastern spokesmen denied the Air Florida challenge, saying, "They're a gnat. We didn't even know they were there." As a result of deregulation, that may change...

Author: /time Magazine | Title: Business: Dividends from Deregulation | 11/12/1979 | See Source »

...Pritchett, who, on the threshold of his 80th year, writes as passionately as ever. Talent, discipline and enjoyment keep the juices flowing; recognition helps. Knighted hi 1975, Sir Victor is generally regarded as the best literary journalist working both sides of the Atlantic. His two-volume autobiography, A Cab at the Door and Midnight Oil, are quiet marvels of English prose and self-appraisal, and his stories have accrued into a body of major work...

Author: /time Magazine | Title: Books: A Clarity of Mind, a Clarity of Heart | 11/12/1979 | See Source »

Instincts and circumstances have allowed Pritchett to come to eminence in his own way and in his own time. He was born in Ipswich in 1900, son of a businessman who had big ideas and often bigger debts. The first volume of Pritchett's autobiography is called A Cab at the Door because the family moved a lot. He developed a taste for reading and skepticism but when he failed a scholarship exam, his formal education ended. It was a disguised blessing: "If I had passed I would have stayed at school until I was eighteen and would surely...

Author: /time Magazine | Title: Books: A Clarity of Mind, a Clarity of Heart | 11/12/1979 | See Source »

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