Word: discount
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Dates: during 1980-1989
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...discounting came at the onset of the betwixt-and-between season for airlines, that relatively slow period between Labor Day and Thanksgiving, when summer tourists have gone back to work and winter ones have not yet begun to head for southern beaches or northern ski slopes. While more than two-thirds of airline coach passengers routinely fly on some sort of discount ticket, like Super Saver, the new cuts slashed prices even deeper and had no restrictions on travel...
Wall Street's airline industry watchers agree. Says Analyst Julius Maldutis of Salomon Bros.: "We believe that the current schedule of fewer flights will become institutionalized. Load factors will rise sharply, fuel consumption will fall, and price wars and discount fares will become a fond and distant memory." Analysts estimate that airlines, which collectively earned only $75 million in 1980, could earn $400 million to $600 million this year, and perhaps as much as $1 billion next year...
Because of a 13-per-cent educational discount and a special agreement between Harvard's Aiken Computation Laboratory and the Digital Equipment Corporation, which sells the VAX and PDP line of computers, the University paid only about one half of the computer's regular price, officials said...
...York City, for example, has dropped from $200 to $179 since February. At Ernie's Liquors in San Francisco, the cost of a bottle of Jadot Beaujolais wine has dipped nearly 30% to $4.99 in the past year. American Motors this summer has offered a 10% discount off the $7,398 sticker price of the Renault R-181 that it imports from France. Retail prices of Japanese electronic goods are expected to fall soon...
...central cities and left behind some of the urban basket cases we see today." The middle-class exodus from the cities was to a large extent facilitated by the Federal Government, which built the freeways, provided relatively low-interest FHA and G.I. mortgages, and allowed homeowners to discount mortgage interest against their income taxes. Rouse believes the American city could well have gone the way of the brontosaurus, the dodo and the 30 stamp...