Word: easterns
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Dates: during 1970-1979
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...Israelis responded to the Arabs' gratitude by sending newly appointed Foreign Minister Moshe Dayan on a round of secret visits to Middle Eastern capitals. Premier Menachem Begin had come to power a month earlier vowing that Israel would retain the West Bank and Gaza, Arab lands captured during the Six-Day War of 1967. Nonetheless, the fact that he had agreed to warn Sadat, and the other moderate Arab leaders of impending danger, gave them the feeling that Begin had the stature and the courage to make significant concessions in peace negotiations...
...then Paul had already begun to translate that principle into action. In January 1964 he journeyed to Jerusalem to meet and embrace Ecumenical Patriarch Athenagoras I,on the Holy City's Mount of Olives. The next year the spiritual leaders of Roman Catholicism and Eastern Orthodoxy withdrew the mutual anathemas that their predecessors had hurled at each other a full millennium before. Later Paul established an international commission of Roman Catholic theologians to discuss differences of creed with Anglican colleagues, and approved a similar commission with Lutherans in the U.S. Both groups achieved a remarkable consensus on such issues...
...this year, U.S. airlines have carried 180 million passengers, a 16% increase over last year and the largest gain in airline history. Two weeks ago Eastern reached 78% of capacity, meaning that all aircraft flying on major routes at peak periods were totally jammed. Last month there were only seven unoccupied seats on all Pan Am planes arriving in the U.S. from Europe and the Middle East. The earnings of airlines are heading toward unprecedented heights, proving the old (and often ignored) capitalist doctrine that lower prices lead to higher demand, which in turn creates higher profits. In the first...
...minutes are common and some are as much as 35 minutes. The volume of calls is up about 35% at most airlines, and each call lasts longer while the clerk figures out the lowest fare and plots the routes over which it is applied. One Eastern reservations clerk spent three hours on the phone with a couple, reckoning a 50-stop trip under the line's $302 to $323 fare that entitles a traveler to unlimited mileage?from Atlanta to Acapulco, from Seattle to San Juan?for 21 days. A new status symbol among businessmen is to know the unlisted...
...what if just about everyone begins to fly cut-rate? The break-even point will rise until airlines can no longer turn a profit no matter how packed the planes may be. Eastern's Borman is worried because his line's revenue is down from 8.840 per passenger mile in the first half of 1977 to 8.60 this year. Consequently, Eastern's break-even point has risen from 55% to 62% of capacity?that is, it makes money only when 62% of the seats are filled. Shuddering at the prospect of the CAB'S approval of another 70% reduction...