Word: pan
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Dates: during 1960-1969
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...Pan, Clavell...
...happy things happened. First, the capricious hand of Billionaire Howard Hughes was lifted from corporate controls. Second, Charles Carpenter Tillinghast Jr., a Vermont-born lawyer, became TWA's president and chief executive officer. Under Tillinghast's regime, TWA took the U.S. airlines' profit leadership from Pan Am-$50.1 million to $47.2 million last year. In February, TWA paid its first cash dividend (250) in 30 years...
Though the strike caught the airlines at the seasonal peak of their biggest year ever, they still managed to plug a good many of the gaps in service to 231 cities. Pan American, for example, substituted cramped thrift-class seats for spacious first-class accommodations on all its New York-San Juan flights so as to squeeze aboard 200 more people a day each way. American halved service between New York, Syracuse and Rochester in order to add nine flights a day between New York, Cleveland and Washington. Mohawk Airlines stepped up its schedules where American cut back...
...that it has too many short-hop routes to use jets efficiently; the average Eastern passenger travels a mere 310 miles. Hall has therefore flung Eastern headlong into the competition with eight other U.S. airlines, including TWA, United and American, for lucrative transpacific-route rights now held only by Pan Am and Northwest...
...Pan Am, Juan Terry Trippe, 67, one of the true pioneers of U.S. commercial aviation, remains very much in charge, partly because he is wise enough to delegate more and more responsibility to younger men, partly because he has lost none of his instinct for money-making innovations. Trippe was the first to order the 490-passenger Boeing 747 -some $525 million worth-for delivery starting in 1969. But even Trippe can have problems. The most notable: Pan Am flies the rest of the way around the world, but, by Government edict, its planes cannot take customers across...