Word: disasterous
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Dates: during 1990-1999
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In the end, however, those responsible will probably remain undetected for some time. "This is going to take a long, difficult investigation," says a U.S. official. How long? In the case of Pan Am Flight 103, it took nine days just to determine that the disaster was caused by a...
But last week's disaster could endanger both the turnaround and TWA's future. Comparisons were being made to Pan Am, a troubled company that ultimately couldn't survive the bombing of its Flight 103 over Lockerbie, Scotland, in 1988. The disaster cost Pan Am hundreds of millions in canceled...
Until last week's disaster, TWA could point proudly--as CEO Jeffery Erickson did publicly--to an admirable safety record. Its financial history, on the other hand, has been absolutely dismal. TWA has flown in and out of bankruptcy twice this decade, losing more than $2 billion in the process...
TWA today is much stronger financially than Pan Am was post-Lockerbie. Pan Am quit the skies during an industry-wide recession. By contrast, U.S. airlines are in the second year of a recovery, and Erickson said last week that TWA was in "the best financial condition in a decade...
It turns out that the disaster was as near as it felt. A young couple from Manorville had been on the flight.