Word: carriers
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Dates: during 2000-2009
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Alaska Airlines, with $800 million in cash, is second to Southwest in benefiting from hedging, according to industry analyst Cordle. The low-cost carrier, which largely serves the West Coast, has netted more than $100 million in savings from its smart hedging positions since 2002. This year the airline will buy half its fuel at $30 per bbl. But like Southwest's, that spread will diminish by the end of the decade. By then, all airlines will have to face the reality that their core business--not their fancy financial instruments--can be the only guarantor of success. JetBlue...
...Taiwan-born, New York-based photographer cast a jaundiced eye on the florid excesses of the wedding industry in his native island: the countless gaudy outfits thrown on and off for the wedding portrait, the banquet dinner that could fill the hangar of an aircraft carrier. Chang's perceptive photos showed the ordinary, exhausted people buried beneath the heavy makeup, the costumes, the confetti, the expectations. In his newest book Double Happiness, Chang digs deeper, documenting the made-to-order marriages of Taiwan men and their Vietnamese brides?virtual strangers until the day they...
...refugees during the 1956 Hungarian Revolution and U.S. troops during the Vietnam War. A World aircraft was the last commercial airplane to leave Da Nang in 1975--overloaded with so many Vietnamese that eight turned up in the wheel wells. After an unsuccessful attempt at becoming a regularly scheduled carrier in the 1980s, World focused on military flying in the 1990s...
...North Korea] also has nuclear warheads and carrier missiles, which are targeted on the big cities of South Korea and Japan." INTERNAL MEMO from the Hungarian Foreign Ministry, dated Feb. 16, 1976, part of a trove of declassified Soviet-era documents released last week by the Woodrow Wilson Center's Cold War International History Project...
More turbulence. United should emerge as a leaner, more competitive carrier. But workers have threatened to strike over lost benefits. And rival carriers may lobby for a pension bailout, arguing that United is getting an unfair advantage. --By Daren Fonda