Word: pan
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Dates: during 1940-1949
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...Pan Am, still firm against fare fixing by I.A.T.A., had certainly won popular support. It had proved that free competition would bring lower fares than any I.A.T.A. devised cartel plan...
...transatlantic rate war between Britain and Pan American's Juan Trippe was halted last week by an uneasy truce. The terms of the truce were British. But the victory was partly Trippe's. The British will permit U.S. airlines to fly from New York to London 14 times a week (CAB promptly divided the flights evenly between Pan American Airways and American Overseas Airlines). But there were strings attached: U.S. airlines must charge $375 each way, $100 more than Pan Am wanted to charge. And U S. lines could not carry more than 500 passengers a week each...
...present, the limitation will not hurt U.S. companies. Their DC-4s cannot carry more than 500 passengers weekly. But Pan Am and American expect to get bigger Constellations in the next few months. If the limitation is still in force, they will then be forced to fly some of their planes partly empty. Passengers who want to fly will have to pay higher rates and travel on BOAC's obsolescent Clippers. U.S. airmen hoped that the limitation would be temporary, and would be lifted when the North Atlantic Conference of the International Air Transport Association meets in New York...
...case, Pan Am had forced a whacking reduction in transatlantic fares (from $572). It had also dramatized the question of whether U.S. airlines shall let free competition or I.A.T.A. fix minimum fares on transatlantic routes...
...American's deal with the British to fly to London seven times a week (while Pan Am was cut down to two) now look so smart. CAB has warned American that if Pan Am is held to two flights, then American must reduce its flights to two also. If this happens, Britain and controlled competition will have made a touchdown. It will have succeeded in keeping U.S. transatlantic flights to a minimum till it feels it is strong enough to win the competitive game...