Word: millions
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Dates: during 1960-1969
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Poor Liaison. Airlines dislike the congestion as much as passengers do. The Air Transport Association estimates that delays cost them $50 million last year in extra crew time, fuel costs and other expenses. The A.T.A. also figures that passengers lost another $50 million in wasted time. The problem will become more acute when the jumbo jets are flying. "From the point of view of economy," says TWA Airport Planner Donald Graf, "you can't let a 747 stand around too long. They're so expensive that we've got to get them back...
...faster ways must be found to speed the traveler through them. At Love Field in Dallas, Braniff International intends to do it partly through a "Fastpark Jetrail," a monorail that will convey passengers and their baggage from an outlying parking lot into the terminal itself. Airlines are spending $150 million altogether on automated ticket-writing equipment and on a joint reservation system. Between the two, a potential passenger could go to a supermarket, bank or hotel to determine plane space and buy a charge-card ticket, then be checked in by machine when he reaches the boarding gate...
...answer to this will be tried by Los Angeles as part of a $500 million expansion program. The city's airport authority foresees satellite airports located no more than 150 miles from International Airport. Travelers would go to the satellites, be ferried by short-takeoff or vertical-takeoff planes to International to catch their longer flights to someplace else. Oakland Airport Manager Glenn A. Plymate has a more advanced idea. He thinks that industry should make such communications as telephone and television so sophisticated that businessmen could conduct nearly all of their business in the office and would hardly...
...equipment, competition from foreign imports, and the slowdown of the economy during last year's first half, most steelmakers suffered sharp earnings declines in 1967. Sales of United States Steel Corp., the industry leader, dropped 8% to $4.07 billion; profits were down by 31% to $172.5 million. Business at most companies has perked up in recent months, but that is partly because of customer stockpiling in anticipation of a strike. Inventories built up by steel users now stand at 30 million tons-6,000,000 tons more than at the same time last year...
...differences are considerable. A vice-presidential-level production manager at a consumer-products company with annual sales of $20 million stands to earn from $17,000 to $25,000 a year in Italy, $15,000 to $25,000 in France, not to mention such perquisites as a company car. The Briton in the same job can expect to pull down only half as much. The Briton does get more perks, including an entertainment allowance, housing assistance, a car, sometimes even a company endowment to help foot public-school bills...