Word: feeder
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Dates: during 1960-1969
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...Airlines, which serves New England and also has a New York-Miami route. For TWA, merger with Northeast will complete the New York-Miami leg of its triangle between the West Coast, Miami and New York. Although TWA will be stuck with Northeast's money-losing New England feeder services, it will pick up passengers for its long-haul and international runs. To Northeast, which lost $7,000,000 last year and is still in the red, merger will provide seriously needed working capital...
...economics of the airline business will eventually force Capital to merge if he can build it up into a desirable property. This week he will start to salvage Capital by shaking up its second-echelon executives. Next, he hopes to get rid of Capital's money-losing feeder routes. Says he: "If we were relieved of our Tobacco Road route and the feeder-line system, Capital could make money...
...impose restraint, CAB approved patchwork and often uneconomic route structures. Result: subsidy payments to airlines jumped from $19.7 million in 1946 to $83.8 million in 1950, before dropping again. Though all trunk lines are now off subsidy, CAB expects to dole out $69.3 million in fiscal 1961 to small feeder airlines, which still do not have enough money to replace their obsolete equipment...