Word: frontier
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...attitude toward disease has been tempered by modern medicine. Many of the ogres of the past, including small pox, polio, and tuberculosis, have been tamed or eliminated. With the advent of microsurgery, even chainsaws and lawnmowers have lost their element of danger. Death has been driven back to the frontier of old age, and so become distant and less real...
...hectic series of negotiations between People and Frontier began when People Founder Donald Burr called Joseph O'Gorman, Frontier's president, about a deal. While on vacation in Monterey, Calif., Burr met with O'Gorman for two days. The talks then shifted to Denver's United Bank Tower and finally to New York's Chase Plaza. After receiving labor's blessing, Frontier's management opted for Burr's $24-a-share offer...
...battle brought back together two old rivals. Burr was a protege of Lorenzo's at Texas Air in the 1970s but left on bad terms. Though they still dislike each other, Burr and Lorenzo share certain traits, including an antipathy for organized labor. Wall Street analysts were dumbfounded that Frontier's unions found Burr any more palatable than Lorenzo. People, after all, is a non-union shop. Says one airline consultant: "Don Burr is as surprised as anyone else that Frontier struck a deal with People...
Questions remain about Frontier's future. The purchase agreement guarantees that no employees will be laid off for a minimum of five years, but People's management is known for its low-budget operations. It flies passengers for 5.17 cents a mile, about half the industry average. People will surely look for ways to cut overhead, and that could include labor costs...
Linking People's routes with Frontier's should make for a good mix. People flies mostly to East Coast cities, while Frontier's routes are concentrated in the West. In addition, Frontier's 21 landing gates at Denver's bustling Stapleton Airport are a valuable prize for People. Says Ruth Hennefeld, an investment manager at Merrill Lynch: "The deal is a bargain for People. The company bought into the Denver market for far less than it would have cost it to start from scratch." People's once lofty goal of becoming a national airline now seems remarkably down to earth...