Word: hub
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...travel scenario that has become all too familiar for Marion Blakey, administrator of the Federal Aviation Administration (FAA). A severe thunderstorm hits a hub airport like Dallas-Fort Worth, grounding all of the planes there for two hours. Soon those delays spread to airports nationwide, and flights that weren't even bound for Dallas could be canceled. By that point, tens of thousands of passengers might be affected and millions in revenue lost by the airlines. And when the next storm hits, it will happen all over again...
Another summer, another headache for British Airways. Staff shortages forced the carrier to ground flights in mid-2004, a strike a year later cost the airline millions in lost revenues, and last August's terrorist alert brought security gridlock to its Heathrow hub. The sting this season: huge fines for anti-competitive behavior...
...Still, the opening in March of Heathrow's $8.5 billion Terminal 5, where BA will centralize its operation from two of the hub's other terminals, ought to offer a welcome boost. According to investment bank Merrill Lynch, T5, as the new terminal is known, should allow the airline to coordinate schedules and squeeze costs by, for instance, not having to ferry passengers between terminals. Maybe BA will have better luck next summer...
...City in Zhuji, a Yangtze River town that provides 80% of China's freshwater pearl trade volume. When it is completed this fall, the enormous marketplace is expected to house more than 5,000 pearl shops, and Man Sang aims for it to become "the world's pearl industry hub...
...relentless sense of purpose. Under the leadership of the Sheik, who told developer Emaar Properties to go for 160 stories rather than the planned 90, this former backwater of Bedouin and Persian Gulf traders is rapidly being transformed into the Middle East's Hong Kong - a glitzy global hub for doing business, having fun and ... well, constructing a lot of tall buildings...