Word: firsts
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Dates: during 1960-1969
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Dallas-born Jeeb Halaby (his mother was English, his father Syrian) took a law degree at Yale and served as a Navy pilot in World War II, flying the first U.S. jet cross-country in 1944. After the war, he hopped from job to job with indifferent success. At Pan Am, however, his energy and judgment have earned him the respect of associates and the confidence of Founder Trippe...
...charm and brilliance to right Pan Am, which has just posted a record nine-month loss of $4,500,000, compared with earnings of $39,500,000 for the same period last year. On the lucrative North Atlantic run, globe-girdling Pan Am has been nosed out of first place by rival TWA. Pacific routes that once were Pan Am's alone are now aswarm with competitors. To cut its losses, Pan Am has scrapped 23 unprofitable flights in the Pacific and announced layoffs of 450 pilots and flight engineers. Said Halaby last week: "We have not reached...
...snare more passengers, Pan Am will concentrate on service. "The hostess should think she is giving a party," says Halaby. Pan Am is also trying to acquire a domestic carrier to compete against TWA, which has both U.S. and international routes. Next year, Pan Am will become the first airline to put Boeing 747 jets into service, and the company counts on the 362-passenger jumbos to regain its financial health. To help fill all those seats, Pan Am can obviously use some of Halaby's zeal...
...first 60 days of auto sales, according to Ford's Group President Lee lacocca, establish the pattern of any model-year. Last week, as that milepost passed, Detroit was gearing down for a slow winter. Over the next three months, automakers plan to assemble 2,580,453 vehicles, 417,453 fewer than they made last December, January and February. Automakers blame most of the slowdown on the fact that the public simply is not in the mood to buy. This week Chrysler plans to shut down three of its seven assembly plants for a week and three more...
...Ford's new Maverick is selling at the rate of 400,000 a year but is drawing sales from the company's other lines. Ford salesmen believe, however, that this will be the year not of the compact but of the intermediate-size car-the first year that sales of intermediates will equal or surpass those of standard-size automobiles...