Word: expanding
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Dates: during 1940-1949
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Some of the trouble was due to the rise in operating costs, which has sliced the profits of most U.S. companies. But most of the trouble was peculiar to the airlines: 1) unprecedented expenditures to expand routes, increase personnel and buy new equipment; 2) a $5 million drop in airmail revenues; 3) "no-show" passengers, who are costing the lines an estimated $8 million a year (CAB is expected to approve a penalty on "no-show" passengers soon...
Zeckendorf, who has helped to expand the assets of his firm tenfold in the last eight years, likes to dismiss his many big operations (in hotels, theaters, apartments, oil wells, piers, night clubs, a small railroad, and smaller shopping centers) as "making grapefruit out of lemons." This grapefruit, which he hopes to pluck by 1948, would be his juiciest...
Forced to expand for the fall term, the University Nursery School already finds itself in the embarrasing position of not having expanded enough. The facilities for 40 children in the morning seasion and 40 in the afternoon will be inadequate when the school takes up operation in its new quarters next semester...
...these moves, the Mellons will broaden their interests in the investment field, end the competition in Pittsburgh between the two Mellon controlled banks, develop a top strategy group to run their empire. They were not pulling in their financial horns. Their contraction was only to expand further. Now streamlined, and with $1,200,000,000 in resources in their new bank alone, they are ready to step out into new investment fields. As Dick Mellon, chairman of the proposed new bank, put it: "We're going to work again...
...fact, United is doing much better. Net earnings in the first quarter of 1946 were $1,029,883 (v. $502,448 for the same period of 1945). United plans to expand still more, diversifying as it goes. As Dart puts it: "We'll buy plants in any field where it would be cheaper to manufacture ourselves than to buy on the market...