Word: carriers
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Dates: during 2000-2009
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Store owner Patrick Carrier said that a declining travel industry over the past four years hurt his business, and that a scaffolding that obstructed his storefront during this past Christmas was the final nail on the coffin...
...Carrier and his wife Harriet have been here before...
What gave Icahn's offer most of its credibility, though, was his surprising success at TWA. The New York City-born businessman took the helm of the floundering carrier 14 months ago after a bitter takeover battle. Few thought Icahn would ever be able to turn around the airline, which lost $193 million in 1985 and $257 million in the first half of this year. But after a series of hard-nosed measures, including victory in a three-month strike by TWA's 6,500 flight attendants, Icahn was able to announce earnings of $72 million for the third quarter...
Flying Tigers, an air-cargo carrier founded by World War II fighter pilots and ground crewmen in 1945, may be waging its last competitive battle. The world's largest cargo line (1985 revenues: $1.1 billion) may fold unless the labor unions that represent 2,790 of its 6,334 employees grant major wage and benefit concessions. Since 1983 the Los Angeles-based carrier has lost $95 million in price wars with competitors like Japan's Nippon Cargo Airlines...
DIED. Robert Six, 79, high-flying founder of Continental Airlines who bought into a three-plane mail service in 1936 and built it into a major carrier, which, in the early '70s, squeezed out the industry's highest revenues per employee; in Beverly Hills. One of the last scarf-and-goggles airline pioneers, he introduced discount fares in 1962, predicted that deregulation would mean the end of good service and watched Continental decline until it was taken over by Texas Air shortly after his retirement...