Word: expression
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Dates: during 1980-1989
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...more than a year, the wings of high-flying People Express had been drooping under the heat of intense competition. In the first six months of 1986, the revolutionary discount airline lost an estimated $103 million, an alarming deterioration compared with a $5.7 million deficit for the same period last year. Finally, said Donald Burr, 45, People's founder and visionary chairman, "we had to do something." Last week Burr did. In a tersely worded statement he announced the possible upcoming sale of part, "or under certain circumstances even all," of the country's fifth-largest airline, which...
...quite a while People Express was better off. The number of passengers taking the airline surged from 1 million in 1981 to nearly 12 million last year. But People bought planes and added flights so rapidly that the percentage of seating capacity used dipped from a 1983 high of 75% to an average so far this year of 60%. The company needs to fill 65% of its seats to break even. As Burr puts it, "Right now we're simply offering more than the public wants...
...speedily alienated the Denver airline's traditional customers. Frontier's competitors, especially Continental, responded with discounts of their own, and Frontier's amenities were soon restored--but not until the airline underwent a bashing that still continues. Says First Boston's Derchin: "They now feel they have People Express on the ropes. They're not going...
...final sign that People Express was feeling the competitive squeeze came last month. Suddenly and without forewarning, the airline seemed about to drop its entire spartan philosophy. Burr announced that People would upgrade all its services, install leather seats in its aircraft, and offer --horrors!--luxury flying in newly installed first-class seating. At the same time the determinedly upscale VIP lounge was set up in North Terminal. The counterrevolutionary campaign was a clumsy attempt to woo the slice of the airline market that People had never served, the business traveler. The change in style came on the heels...
...clerk in 1952, Rehnquist wrote a memo for Justice Jackson stating that "separate but equal" public education for blacks was "right and should be reaffirmed." Questioned about this at his confirmation hearings in 1971, Rehnquist insisted that he was expressing the Justice's views, not his own. But University of Chicago Law School Professor Dennis Hutchinson, who is writing a biography of Jackson, calls Rehnquist's explanation "absurd." Jackson always instructed his clerks to express their own views, not his, says Hutchinson. Last year Rehnquist stated that he now believes that the Supreme Court's 1954 landmark decision Brown...