Word: lehman
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Dates: during 1990-1999
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...week at the annual meeting of the Society of Vertebrate Paleontology in New York City, which featured a symposium focusing on the ancient winged creatures known collectively as pterosaurs. Were flying giants such as Quetzalcoatlus carrion eaters, like outsize vultures, as researchers once proposed? Or were they--as Thomas Lehman, of Texas Tech University, and Wann Langston Jr., of the Texas Memorial Museum, convincingly argued last week--more like humongous storks, probing the lake bottoms for tasty tidbits and snaring them with their lancelike beak...
...Fordham (at Lehman...
...Lehman...
...prices to lapse on Jan. 1. Instead of passing on this tax break to travelers, carriers pocketed the money. This silent fare boost accounted for nearly half the increase in pretax profits that the eight largest airlines reported for the first six months, according to analyst Brian Harris of Lehman Brothers. The tax, which goes to the Aviation Trust Fund to improve airport safety and security, is expected to be reinstated this month. That leaves airlines with the choice of raising ticket prices 10%, and possibly driving customers away, or cutting prices to compensate for the tax. Some carriers, worried...
...debt, including $130 million in reduced wages and benefits. TWA also cut its annual interest payments by $50 million. Incredibly, the airline only recently converted to computers to set fares and manage its inventory of seats to boost revenues for each flight. Notes Brian Harris, airline industry analyst for Lehman Bros.: "TWA had been operating in a 1970s time warp." This backwardness apparently did not apply to safety and aircraft maintenance. Unlike some airlines, TWA didn't outsource its maintenance to cut costs...