Word: carriere
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...size with United and acquire the size and scale it deems necessary to do battle in a rapidly consolidating industry. United plans to grow by first shrinking a little. American would pay $1.2 billion to United for about 20% of the assets of US Airways, the No. 6 carrier, which United was trying to acquire before federal regulators delayed that $4.3 billion deal. By unloading assets, United figures to win antitrust approval for the merger. American would also shell out $82 million for a 49% stake in DC Air, a Washington-based start-up that Robert Johnson, founder of Black...
...once owned by Howard Hughes and a pioneer of flying's early reputation for glamour and luxury, would disappear into American. But most of TWA's 20,000 employees, the majority of whom work out of the carrier's home base in St. Louis, Mo., would be retained. TWA is history in any event. The company was down to its last $20 million before the bankruptcy court allowed American to provide new financing...
...some benefits. The deals would lessen airport congestion and reduce flight delays because American could route passengers through TWA's former St. Louis hub rather than through crowded Chicago or Dallas. Some jetliners now take off with many empty seats--tying up scarce runway and air-traffic space--because carriers tend to jam competing flights into the same popular time slots. Fewer carriers would mean fewer overlapping flights. Passengers could also get service to more cities on the same carrier, a benefit for those who want to concentrate their frequent-flyer miles...
...impulse behind much of the innovation in travel these days is an effort to restore that spirit of freedom. As airlines merge into more impersonal behemoths, an aviation executive creates a low-price, customer-friendly carrier that gives flyers a real choice. Three entrepreneurs convert a Seattle halfway house into a chic inn that people can actually afford. A computer geek almost accidentally creates an online service that cuts through Web clutter to find lower fares. An aviator builds an inexpensive private jet that can almost fit in your garage--the ultimate escape vehicle. Sure, the rest of us still...
Neeleman loved the potential he saw in New York City, largely considered a competitive hellhole for discounters. "Nineteen million people and no local low-cost carrier?" he asked after a press conference in December announcing jetBlue's millionth customer and third profitable month. "Even a small piece of this market...