Word: deficits
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Dates: during 1950-1959
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...every two passengers-and last year U.S. passenger traffic went $700 million in the hole. Railroaders have howled for years about commuter losses. But now, they insist, the losses have brought on a rail crisis. Last month the New Haven Railroad announced that it had a $15 million passenger deficit in 1956, asked for outright commuter subsidies from the states. Last week the New York Central, moaning that it is losing nearly $30 million a year on commuters, sued the New York State Public Service Commission to force it to grant fare boosts. The Boston & Maine, claiming a $13.6 million...
...fare boost just to get a 2.1% return. Its estimated $955,000 loss on the service this year will still be the lowest of any Chicago commuter line; Rock Island alone will drop $1,500,000. In Philadelphia, the Pennsylvania rings up a yearly $4,000,000 commuter deficit, which a requested 15% fare boost would slash by only...
...Capital managed to pay $12.4 million of the debt, and badly strained itself in the process. Though revenues soared from $48 million in 1954 to $63.7 million last year, costs went up so fast that net income tumbled from $1.7 million in 1954 to a net deficit of $1,257,000 last year, another $1,248,861 deficit for the first nine months...
...traveled routes. Moreover, when Capital switched to Viscounts, it was unable to sell its aging fleet of DC-4s and early-model Constellations. Capital still flies the old planes, estimates that its inability to sell them cost about $1,000,000 last year, just about the extent of its deficit...
...varsity hockey team edged the Arlington Arcadiens 6 to 5 in a see-saw scrimmage at Watson Rink last night. An hour long battle saw the Crimson overcome a 5-4 deficit by tallying twice in the closing minutes...