Word: laker
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Dates: during 1970-1979
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...Freddie Laker, the poor man's Pegasus, is walking on air. His Laker Airways' no-frills Skytrain, a bold gamble to lure passengers between New York and London with a pinchpenny round-trip fare of $245, is paying off like the Irish Sweepstakes. After seven months of operation, an ebullient Laker reported last week...
Last week the British government granted Laker permission to offer a similar daily flight between Los Angeles and London for $382 round trip, beginning Sept. 26. This week Laker is adding a Boeing 707 to the McDonnell Douglas DC-10 on the New York-London run and doubling daily flights to two. He has two more DC-10s on order and expects to sign up soon for yet another...
...success, notably among the young (three-quarters of Skytrain passengers are under 34), has helped all transatlantic traffic. Competing carriers have followed Laker's lead and lured new passengers by offering New York-London stand-by fares of $256, v. the basic economy rate of $626. Braniff now has a Dallas-London flight for $398. Latest figures, comparing April results with those of the same month a year ago, show that Pan Am's transatlantic load factor was 62%, up from 54%; TWA's surged to 72%, up from...
...Laker expects to do much better than competing lines during the peak season...
...seniors graduate from Harvard College, trampling and tearing up the carefully and expensively manicured lawns of Harvard Yard in the process. In his Commencement Address, Freddie Laker comments, "The line for the airbus forms right behind the Phi Beta Kappa procession." Honorary degrees are awarded to John Travolta, Nona Hendryx, Alex Haley, Jann Wenner, Larry Flynt, and Jack Ford. The highlight of the ceremony is a stand-off duel between the clam serving as Mayor of Cambridge and the "rootless" Yale Bladderball...