Word: expressing
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...People Express becoming too ambitious for its own good? The question arises because the feisty discount carrier seems to be expanding everywhere all at once. People last week started service from its Newark hub to Atlanta and Dallas/Fort Worth, two of the most hotly competitive markets in the U.S., and announced plans to begin flying to Brussels in September. The moves follow forays over the past seven months into 13 other new cities, including Montreal and Fort Lauderdale. Born only four years ago in the aftermath of airline deregulation, People Express now flies to 45 destinations and has become...
...battles are bound to be fierce. Says Mark Daugherty, who follows the airline industry for the Dean Witter Reynolds investment firm: "People Express is about to test its pain threshold. Cracking these markets is not going to be easy if American and Delta play rough." During the past several years Delta has successfully squelched United's attempts to expand its Atlanta business. "We have been developing this market for 41 years," says a Delta spokesman. Both American and Delta have already matched People's fares, although they have imposed certain restrictions. Moreover, they offer frequent-flyer bonus programs, while People...
...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
...When Time visited the building recently, neighbors brushed aside questions, some closing their doors without a word. On the door of Franck V.'s old apartment, the current tenants have pasted a handwritten notice reading: "Ssh! Baby asleep, don't ring the bell." The community still seems unable to express its unease. "Everyone is horrified yet no one knows how to speak about it," says Saint Léonard's Roman Catholic priest, Father Charles de Bodman. Police are still searching for a group of men, who the children say arrived at Franck V.'s apartment in suits and ties...
...major bank in France to exploit last month's regulation changes quashing 70-year-old laws banning certain charges and payments. So far banks Société Générale, BNP Paribas and Crédit Agricole all say they will not follow suit until customers express interest of their own. It may be a long wait. Though the French wrote 4 billion checks on 57 million current accounts last year, the national average balance of €1,500 would yield a mere €7.50 interest annually under Caisse d'Epargne's scheme - before tax and service...