Word: deltas
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Dates: during 1950-1959
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Many of you remember an earlier letter (June 9, 1952) about Alex Campbell, the Edinburgh newsman who went off to South Africa and eventually (in 1951) became our Johannesburg correspondent. Since then, Alex has written his sixth book: The Heart of Africa. He also won Sigma Delta Chi's Foreign Correspondence...
AIRLINE competition will get still another boost from the CAB, this time on the East Coast. Delta Air Lines, now the fifth biggest U.S. passenger carrier, will get a crack at bigger markets, with 2,000 more miles of routes spreading from Atlanta and New Orleans to New York. Eastern Air Lines, which has had the routes to itself, is fighting mad, promises to appeal the case...
...stock drops in value, many companies provide truck-sized loophole's to let workers escape from their payments. Inland Steel, Delta C & S Air Lines, Atlanta's Citizens' & Southern National Bank and Dow Chemical all hold the stock until the final payment is made; then if a worker decides that he does not want the stock, his money is returned...
Died. Oscar Johnston, 75, longtime (1927-50) president of the British-owned Delta and Pine Land Company in Scott, Miss., one of the world's largest (38,000 acres) cotton plantations, member of the Democratic National Committee (1920-24); of pneumonia; in Greenville, Miss...
...every U.S. carrier, both big and little, was on Government subsidy. Today only the smaller feeder lines and a few shaky trunk lines need a direct Government handout. Though they still earn heavy mail pay, all nine of the biggest carriers (American, Eastern, United, T.W.A., National, Northwest, Capital. Delta, Western) are self-supporting on their domestic runs. Overall estimates are that the industry will tot up a net operating profit of at least $150 million in 1955 v. $99.5 million last year. As a result, federal subsidies have dropped from $73 million in fiscal 1954 to an estimated $52.5 million...