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Industry experts see some positive signs for airlines. One is the drop in oil prices, which has cut the cost of jet fuel by 20% since 1981, to about 81 cents per gal. Another is the increased business that low fares have generated. U.S. carriers reported a healthy 15% gain in traffic during the first quarter of this year vs. the same period a year ago. Those increases have given at least a temporary respite to ailing firms. Republic, after losing $222 million between 1980 and 1983, posted a profit of $29.5 million...
Both GM and Ford claim that the ruling is an anachronism. Gasoline is not the $2 or $2.50 per gal. that was anticipated in 1975 for 1985. Instead, it is around $1.20, and plentiful. Ford and GM want the final standard rolled back to 26 m.p.g. Says GM Chairman Roger Smith: "We won't pay the fine." The company says that it will curtail production of larger cars that bump up the corporate fleet average if the law is not changed. Pressure is building in the Senate, though, to hold the line at 27.5 m.p.g. The Government is expected...
...trend is a sobering reversal of America's long-standing love affair with a social sip or two. By 1830, when citizens were feeling their oats on the frontier, absolute alcohol consumption was 7 gal. per capita, nearly three times the present level. After the 14-year hiccup of Prohibition ended in 1933, Americans began to drink less in bars, more often in their living rooms. Cocktails became synonymous with socializing. In fact, sharing a convivial cup to promote friendship and hospitality is a tradition older than the republic. Potent stout and rum flowed at the first Thanksgiving because...
...billion alcohol industry is having trouble coping with the new fashion, which neither it nor any other group predicted. While bottled water soared (see chart), distilled-spirits consumption fell from 2.88 gal. per adult in 1974 to 2.46 gal. in 1984. Brewers registered their first (though slight) slump since 1957--from 36.9 gal. per person in 1980 to 35.1 gal. in 1984--despite the introduction of low-alcohol brews like Anheuser-Busch's year-old LA. Wine growth, which experienced significant leaps in the 1970s, has slowed. One reason: the industry was late in developing softer lines. The Seagram...
...Irish, counter to the stereotype, are the European community's most abstemious tipplers, consuming less than 2 gal. of alcohol per capita annually. In Britain, where the corner pub is a second home and a pint is considered a birthright, 95% of all adults in England, Scotland and Wales are drinkers. Beer consumption is down slightly, however, due to high unemployment and increased taxes on alcohol. In West Germany, beer intake has tripled over three decades, to 9 billion liters annually. "We have a saying," says an official of the National Health Ministry in Bonn, "that...