Word: ozark
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Right now Sam Walton's company is at a critical turning point as it expands beyond its regional, Sunbelt base to become a truly national presence. Can a folksy company with headquarters in the Ozark hill town of Bentonville, Ark. (pop. 9,900), cater to customers from California to New York? So far, shoppers say yes. The chain has opened stores in 23 states, having recently crossed into the Frost Belt states of Wisconsin, Minnesota and Indiana...
...country's fierce merger wars. On Oct. 1 Northwest Airlines formally merges its flight schedule with Republic's, creating what will be the fifth largest U.S. airline, with 9.4% of the market. Trans World Airlines, which gained DOT % approval early this month for its $250 million purchase of Ozark Air, will soon be the sixth-place carrier (8.1%). Two weeks ago Delta Air Lines announced a bid to take over the fourth-place spot (11.9%) in the passenger race with an $860 million play for Western. Warns Lee Howard, an economist with the Washington consulting firm Airline Economics...
...dramatic as the Eastern deal was, it was only the first installment of the one-two punch that rocked the airline business in a single week. Four days later TWA Chairman Carl Icahn said the carrier would buy St. Louis-based Ozark Air Lines for $225 million. That union would increase TWA's annual traffic by 30%, to some 27 million passengers, and strengthen its position as the fourth- largest U.S. airline. The merger would be a coup for Icahn, a New York financier who gained control of TWA only seven months ago. Though a TWA-Ozark deal was already...
...shakiest airlines is TWA, which expects to lose $125 million during the first three months of 1986. Buying Ozark Air Lines is part of an aggressive plan to stanch that red ink. The merger could make TWA, which is best known as an overseas carrier, stronger domestically...
...Eastern-Texas Air and TWA-Ozark deals merely accelerate a merger binge that was already well under way. In the past four months, People Express has acquired Frontier, and Northwest has agreed to buy Republic. Says Louis Marckesano, who follows the industry for the Janney Montgomery Scott investment firm: "At this rate, in five to ten years the American airline industry will look like the U.S. auto industry, with three or four megacarriers covering the globe." If that happens, Texas Air and TWA are determined to be among the survivors...