Word: panagra
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...reaching cut in airline passenger fares was announced jointly this week by giant amphibious Pan American Airways and its scrappy, up-&-coming offshoot, Pan American-Grace Airways. The cuts average 10%, affect all flights between the U.S. and Latin America, will save 500,000-odd Pan Am-Panagra customers $1,250,000 yearly. Sample cuts: Miami to Buenos Aires $550 to $495; Miami-Lima $354 to $320; Miami-Bogota $213 to $183. The new rates will become effective whenever the airlines get CAB approval (probably two months...
Unlike most price-cutters, Pan Am and Panagra did not reduce rates to get more business-they already have more traffic than they can handle, practically all flights have long waiting lists. Instead they cut rates after CAB held a closed session with airline operators, broadly hinted the jam-packed U.S.-Latin American airlines were making too much money-especially in wartime. Next to get a similar hint will be U.S. domestic airlines, which hiked profits over 100% in the first nine months in contrast to a 30% decline in general corporation profits...
...West Indian Airways. KLM Royal Dutch Air Lines asked a route to the Dutch West Indies. The other three surviving new applicants are Florida-born National Airlines; Aerovias Nacionales Puerto Rico; and Cuba's new Expreso Aero Inter-Americano. Meanwhile Pan American's own belligerent half-subsidiary Panagra (TIME, March 16) still has an application pending for a terminus in Miami, Tampa or New Orleans...
Main trouble is that everything moved too fast: the Axis airlines went out like a light and traffic skyrocketed. In January 1941 Nazi-controlled airlines sprawled over 23,000 South American miles v. 26,000 route miles for U.S.-owned Pan American Airways and Panagra. But the State Department played its cards well: soon after Pearl Harbor not a single Axis airline remained in operation south of the border. South Americans got the idea, grabbed Axis airplanes and equipment, started flying some 34,000 route miles themselves. And since the beginning of 1940 Pan Am and Panagra have pushed routes...
...operators are doing all they can to prevent such beefs. Last week Panagra started a new all-cargo service between Lima and the Canal Zone, set up a new trans-Andean schedule between Antofagasta and Salta to boot...