Word: hub
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Dates: during 1990-1999
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...Three U.S. carriers: Delta. The Atlanta-based airline bested its rivals with a $1.7 billion bid for assets that will put Delta on a par with megacarriers American and United. Delta will acquire Pan Am's Northeastern shuttle, its North Atlantic routes and the airline's strategic hub in Frankfurt. Pan Am will survive as a shadow of its once mighty self, providing service to the Caribbean and Latin America. But Delta will have a piece of that action too, owning 45% of the scaled-down...
Think of Delta Air Lines, and the hubs that come to mind are Atlanta, Salt Lake City and Dallas. But now Delta customers can dream of more exotic destinations: Brussels, Vienna, Rome, New Delhi, Moscow. Last week Delta snapped up most of what's left of failing Pan Am, collecting the pioneering carrier's transatlantic routes serving Europe, Asia and Africa, its sprawling Frankfurt hub, its northeastern shuttle and other assets -- for just $260 million, about what the shuttle alone would have cost a year ago. Even as Delta was announcing its coup, United Airlines was circling over the remains...
...Faculty Henry Rosovsky to describe Harvard Yard as a "oasis" in the midst "of everchanging urban squalor." While this might be too harsh a criticism of Cambridge, Rosovsky's point is well taken. There is something very appealing about a field of green in the middle of the Hub...
...about $500 million in sales of beauty products last year, the business was largely confined to the U.S. market. The latest deal will raise the company's beauty revenues to $1.3 billion a year, including $650 million from foreign sales. Said Artzt: "The transaction puts us in major hub markets of the world -- Japan, Germany and the United Kingdom -- which are very tough to enter from scratch." Acquisition of Betrix will also reinforce a push into East European markets that P&G began last year...
Saddam Hussein was not Midway's only problem: the airline hobbled itself in 1989 by agreeing to pay Eastern Airlines more than $100 million for a hub in Philadelphia. But with a deepening recession, fuel prices that more than doubled with the gulf crisis and cutthroat competition in the Northeast corridor, Midway was forced to retreat and put its Philadelphia gates back on the block last year. The company ended up selling those operations to USAir for only $64.5 million. Mainly as a result of that sale, Midway posted a $139.2 million loss last year. Yet with completion...