Word: flukes
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...late 2001, TIME Global Business reported on the success of Dublin-based RyanAir, the upstart airline whose profits had soared 39% in six months, and its jeans-wearing CEO, Michael O'Leary, above. Today it's clear that this budget carrier is no fluke. With high productivity from its workers and high enthusiasm from flyers (willing to bear the inconvenience of second-tier airports in exchange for low fares), RyanAir saw its profits rise 66% in 2002. Already in 2003, passenger counts are up 35%. Both results buck industry trends. In February, RyanAir made its first acquisition, paying $26 million...
Gigante's move into Anaheim was no fluke. While the company continues to open stores in heavily Latino areas, it believes that as Latinos move out of the barrio, the biggest growth potential will be in fifty-fifty suburbs--middle-class areas divided almost equally between Latinos and others. (Think of the rapidly growing Riverside and San Bernardino counties farther east of L.A.) Thirty percent of the customers at the Santa Fe Springs Gigante are non-Latino, and the hope is that diverse offerings and clean, wide-aisle comfort will bring that number up. Gigante also plans moves into Northern...
...fluke, really, that Cooper got wind of the rotten accounting. A worried executive in the wireless division told her in March 2002 that corporate accounting had taken $400 million out of his reserve account and used it to boost WorldCom's income. But when Cooper went to Andersen to inquire about the maneuver, she was told matter-of-factly that it was not a problem. When she didn't relent, Sullivan angrily told Cooper that everything was fine and she should back off. He was furious at her, according to a person involved in the matter. Cooper, concerned that...
...We’ve put in too much work to be satisfied with simply challenging the best teams in the country, and when the tournament rolls around this spring, we’re going to surprise anyone who looks at our success as some sort of fluke,” captain Jacob A. Kersey ’03 wrote in an e-mail...
...average of European airlines, according to an audit carried out on behalf of Sabena pilots. When it reported a profit in 1998, the first in more than a decade, all of Belgium applauded. But behind the scenes, the true picture was far from pretty: the results were a fluke, buoyed by strong industry conditions and onetime earnings. In reality Sabena's finances were chronically weak even before the gigantic Airbus bills. Reutlinger left Sabena to take over Swissair's French airline operations in August 2000. Veteran Lufthansa executive Christoph Müller took over as Sabena CEO and immediately realized...