Word: net
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Dates: during 1940-1949
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First-quarter earnings for the airlines plummeted from 1943's high level. Net profits for United, American, Eastern, TWA-the big four that handle over 80% of all U.S. air traffic-were 38% lower; earnings for many of the smaller companies were down even further...
...passenger load, record air express cargoes, and higher gross incomes, the industry was barely hedgehopping over the financial woods. TWA crash-landed in the red, losing $92,420 ($357,352 profit last year). Pennsylvania-Central and Western Air Lines lost $77,682 and $17,565 respectively. American, its net down 47%, still cleared the trees by $597,796. Well-managed United fared best, settling down to a $1,110,083 profit-almost as good...
...splash, but their finest sounds were familiar ones: the brilliant Bizet music in the all-Negro Carmen Jones, the lovely Lehar waltzes of The Merry Widow. Possibly barring One Touch of Venus, musicomedy failed to produce a single decent score, and nowhere produced even a halfway decent book. The net result was an unprecedented string of fancy-figure flops-My Dear Public, Jackpot, Artists and Models, Allah Be Praised...
...Streeters viewed Sinco's latest fast financial footwork as a slick scheme to get a big raise in salary, while avoiding the enormous top-bracket taxes. By the stock deal he can increase his long-term capital gains, which are taxable at only 25%. Right off, he will net a profit of more than $30,000 in dividends (at the present rate), above the 3% interest he will pay the corporation on the unbought amount...
...selling many basic products such as plates at less than cost, it managed to hold the line fairly well. U.S. Steel was off slightly, from $17,406,597 to $17,027,616. Bethlehem, with its profitable shipbuilding still an anchor to windward, managed to push up its net a little, to $6,432,538. Only Jones & Laughlin fell far behind, from...