Word: dolson
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Northeast also has a buried treasure of other routes that it never had the money to exploit fully. They stretch from Montreal, Boston, Philadelphia and Washington to Miami. The most important prize that the merger will bring, according to Delta Chairman Charles H. Dolson, is Northeast's right to fly the heavily traveled New York-Miami route. "Now," he says, "we can compete with Eastern...
Inheriting Problems. In addition to this bonanza, Delta will inherit some problems. It must assume a $40 million accrued debt from Northeast and continue to maintain the perennially profitless New England routes. "We can't do any better with the local service than Northeast did," Dolson admits. "Even a genius can't make money flying jets 100 miles at a time...
Woolman long insisted that he would never retire. A little less than a year ago, he promoted himself from president to board chairman of the com pany. For president, he hand-picked Charles H. Dolson, 60, a former pilot who first flew for Delta in 1934. The day after Woolman's funeral last week in Atlanta, Delta's board of directors carried out C. E.'s wishes by naming Dolson chief executive officer...
Boll-Weevil Beginning. Dolson inherits a company built on small beginnings. Woolman got hipped on airplanes as a student at the University of Illinois. He learned to fly in a wood and cloth-covered Jenny, worked his way across the Atlantic on a cattle boat in 1910 to watch one of the world's first air shows at Rheims, France. Out of school, he became a plantation manager in the Mississippi Delta, turned naturally enough to airplanes as the best way to dust boll weevils off his cotton. When others sought the service, Woolman forsook cotton growing for crop...
Woolman's successor, except for devotion to Delta, is an opposite. Charles Dolson is brusque where C.E. was affable, reserved where Woolman was outgoing. St. Louis-born, Dolson earned a civil-engineering degree at Washington University ('28), then became a Navy carrier pilot. Switching to commercial aviation, he eventually became Delta's chief pilot, was promoted and simultaneously grounded to be operations manager. With earnings and revenues increasing steadily and Delta's growth consistently exceeding industry averages, Dolson is not apt to change many of C.E.'s policies. Nor will he have to worry about...