Word: carriere
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...airline industry is struggling to maintain altitude under the twin burdens of a slumping economy and rising fuel prices. Prognosis: some of the weak carriers may fail. Eastern, already in bankruptcy, is losing $1.5 million a day, about 50% more than a few months ago. A prime reason for the accelerating losses, says Eastern trustee Martin Shugrue, is the rise of jet-fuel prices. The airline pays 96 cents per gal., up from 56 cents before Iraq's invasion of Kuwait. Last week Shugrue urged President Bush to form a task force to find ways to bring oil prices under...
Even a top carrier is lumbering. After gobbling up PSA and Piedmont in 1987 to form the sixth largest U.S. carrier, USAir is losing market share to competitors. Projecting losses of $350 million for the year, USAir last week suspended its stock dividend and postponed for one year the purchase of 16 new Boeing aircraft...
When they arrive this week, the U.S. sailors are likely to be more impressed by the natural beauty of the surroundings than by the Soviet naval power on display in the harbor. There at her moorings is the Minsk, a helicopter carrier of a class that sent the Pentagon into a frenzy of alarm in the 1970s. It is about half the size of the U.S. flattops on duty in the gulf. Nearby are a number of formidable-looking destroyers and guided-missile cruisers, but they are outnumbered by a long row of decrepit submarines literally rusting away at dockside...
Airlines are proving just as cautious as individuals. Western airline flights to Baghdad and Kuwait City have been canceled as part of the international embargo against Iraq. Some carriers have gone further. Jet Tours, a major holiday carrier 70% owned by Air France, has simply shut down all its tours to Syria, Jordan and Yemen. Some regular commercial carriers are making costly detours around the entire Middle East region. KLM, for example, is rerouting long-haul flights that normally land in Dubai or Bahrain, cutting its weekly service to the region by more than half. Pan Am has rerouted...
...broaden a child's role-playing fantasies. She and doll-dress designer Sue Ogden, a mother of three, created Mommy Doll, now manufactured by Tootsietoy of Chicago. Very contemporary Mommy comes with business suit, briefcase and baby for "Mommy Off to Work" activities, and a leisure outfit and baby carrier for errands. Total price: $25. Stern, 35, believes her brainchild offers kids the full range of female opportunities in the '90s. Says she: "This doll is a reflection of our times...