Word: canceleds
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Disappearing Dreams. Outsiders thought that some of T.W.A.'s troubles were also due to T.W.A.'s overambitious expansion plans. T.W.A. had increased its payroll to service many foreign routes before T.W.A. had the planes to fly them. Now, the strike had caused the line to cancel orders for 25 new planes and it was shrinking its payrolls even faster than it had expanded; it planned to lay off 3,400 of its 16,000 employes by year's end. Like other transatlantic lines, it was also flying half-empty planes from the U.S. to Europe. Reason: travelers...
...Krishna Menon was forced to cancel a scheduled lecture on Indian political problems last night when he was suddenly called to London to participate in conferences between Jawaharlal Nehru, head of the Indian National Congress, and Clement Attice, England's Prime Minister...
...Kansas City Philharmonic came a cacophony of sweet and sour notes: the too-familiar sweet notes of Brahms and the too-familiar sour notes of an empty cash register. Conductor Karl Krueger had signed up with the Detroit Symphony. Sponsors debated whether to try out a new conductor or cancel the next concert season. In the end, they hired lanky Efrem Kurtz. Since that time, three years ago, they haven't had a moment's regret...
Down with Fantasy. As in a traffic jam, the slowdown was felt all along the line. A leading Atlanta department store stopped its practice of "open ordering" (i.e., buying anything that wholesalers will sell). New York retailers began to tell manufacturers to deliver by certain dates or they would cancel the orders. They were no longer willing to take goods any time in the future-and get caught with top-heavy inventories. (This week the New Jersey Bakers Board met to consider a general shutdown to force flour prices down...
...while operating costs are going up. United's load factor (percentage of seats filled) had dropped 4% in three weeks. Patterson was sure that it would drop even more sharply when winter weather disrupts airline schedules. And air lanes have become so crowded that United has decided to cancel flights this winter 200 miles ahead of destinations where more than ten planes are "stacked up" waiting to land. This, Patterson admitted, will result in the poorest flying record in years. At the same time, operating costs have risen so much that United now has to fill...