Word: discount
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People is in danger, however, of moving too fast. Several other discount carriers spawned by deregulation, including Air Florida, ended up in bankruptcy after overexpanding. Admits Donald Burr, People's founder and chairman: "There are risks in growing too fast, and there are risks in not growing at all. If I had my choice, I'd take the risk of growing too fast." He argues that his company is healthier than it has been in months. After suffering a $27 million loss between last October and March, the airline reported a record profit of $13 million for the April-June...
...Dallas and Atlanta markets. Kahn, now a professor of political economy at Cornell, believes that the public is rooting for People. "The big carriers would like nothing more than to squash the little carriers," he says, "but the consumers have shown that they prefer competition. They want discount airlines to live." And as the name People Express implies, giving the people what they want is what the airline aims to keep doing. --By Barbara Rudolph. Reported by Joseph J. Kane/Atlanta and Thomas McCarroll/New York
...flow resulting from the surgery may cause damaging changes in blood-pressure levels in the brain. Also, any operation, particularly around the brain, carries a certain risk. What is clear, says Dr. Sydney Peerless, who directed the surgical aspects of the study, is that for most patients, "the risks discount the benefits." Says Peerless, chairman of neurosurgery at Western Ontario: "I'm one of the first to do this operation. Now I've stopped...
...frustrated consumers, though, were calling the whole episode a turkey. When they tried to reserve discount seats, they discovered that some flights were already booked by customers paying regular or supersaver fares. Griped a ticket agent who works in Detroit for one of American's rivals: "Seats to all the really good places are sold out anyway. American may have five or six routes where tickets hadn't been selling, and they wanted to fill those planes." One airline that has abstained so far from the Thanksgiving bargains is People Express. The discount carrier said it was busy enough...
...Maurice Salha, who came to Australia from Lebanon 40 years ago, imports homewares from China, supplying the Mum-and-Dad discount stores some people call "$2 stores" or "junk shops." On a Monday morning in the southwestern suburbs of Sydney, his warehouses are abuzz as workers unload newly arrived shipping containers Since the early '70s, Salha has been buying goods in Asia, watching the focus shift from Hong Kong to Japan to Korea to Taiwan and now to mainland China. When he first went to Guangzhou in 1974, it took him four hours to see all the merchandise...