Word: carriere
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Standing watch over the elegant sailing ships were the massive, muscular vessels of war: destroyers, frigates, the battleship Iowa and the aircraft carrier John F. Kennedy, from which the President and Mrs. Reagan surveyed the harbor and the Friday-night fireworks. These leviathans provoked a different reaction, a buoyant chauvinism. As a crowded Staten Island ferryboat passed by the Kennedy, one sightseer called out, to cheers and laughter, "Come on over, Gaddafi...
Leifer has shot 27 covers for TIME on subjects ranging from prison life to America's love for cats. Most recently he photographed the heroic proportions of the U.S. aircraft carrier Carl Vinson by suspending a remote camera from the bow of the ship. Formal weddings are tame by those standards. The subject reminded Leifer of a Norman Rockwell illustration, so he took his camera somewhere it seldom goes -- to a portrait studio. He explained, "Roupen Agopian of the Bachrach studio let me photograph him photographing a young couple. I marveled that he took only 45 minutes to complete...
Because of cheap fares, red ink has flowed more widely across the skies than coffee, tea or milk. In the first quarter, United Airlines, the largest U.S. carrier, lost $103 million. TWA did even worse, dropping $170 million. Long-troubled Pan American, which sold off its Pacific routes to United for some $750 million last year, lost $118 million. Indeed, in the entire U.S., only three sizable airlines showed a first-quarter profit: Southwest, which squeezed $7.1 million into the black; American ($4.2 million); and Aloha ($1.8 million). Says Michael Derchin, an airline expert for the First Boston investment firm...
People might have stayed out of financial trouble had it not been for Burr's $305 million purchase last November of Denver-based Frontier Airlines. Frontier, a conventionally priced, full-service carrier, was already battered at its hub by competition from Texas Air subsidiary Continental and from United. Burr's Denver foray violated one of the initial ingredients in People's formula for success: offer no-frills travel in areas away from heavy competition. Says Burr in retrospect: "When we bought Frontier, our competitors decided Denver was going to be a battleground. It still...
People speedily turned Frontier into a no-frills carrier. Unfortunately, that move just as speedily alienated the Denver airline's traditional customers. Frontier's competitors, especially Continental, responded with discounts of their own, and Frontier's amenities were soon restored--but not until the airline underwent a bashing that still continues. Says First Boston's Derchin: "They now feel they have People Express on the ropes. They're not going...