Word: panning
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Dates: during 1940-1949
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Then he did some sharpshooting at Pan Am's own operations. Competition, said he, is better than monopoly because it is cheaper. Item: operating costs on Pan Am's western division, which flies from Brownsville, Tex. to Mexico City, the Canal Zone and Trinidad, were $1.75 per revenue mile in 1940. Operating costs for American Airlines, on its routes from El Paso and Dallas to Mexico City, were 83.9? a revenue mile in 1943, when all airline costs were admittedly higher...
...cost Pan Am so much more to fly its planes, Damon could not say. He guessed: "It is the difference in philosophy, of being fat and complacent as a monopoly versus being . . . lean and hungry as a competitor...
...American and the other lines were not willing to get rid of competition through a community company. They were frank about their reasons: 1) wealthy Pan Am would control it, and 2) Juan Trippe would run it. (One airline spokes-man even went so far as to say that Trippe was the only possible candidate...
Furthermore, domestic lines have learned so much in flying around the globe for the Army's Air Transport Command and Naval Air Transport Service that they are now confident that they can meet Pan Am at its own globe-girdling game. On the thousands of route miles which the U.S. has strung around the world, some eight domestic lines, Pan Am, Pan American-Grace and American Export Airlines have flown the astronomical distance of 2,581,903,999 passenger miles on overseas routes since Pearl Harbor...
Unwanted Policy. Now firmly planted in the field which Pan Am pioneered, they do not intend to get out. There seemed little chance that they would have to. Two months ago, the Senate subcommittee seemed on the verge of recommending to Congress that the U.S. adopt a chosen-instrument policy. But in the last few weeks, under heavy fire from the Army. Navy and CAB, the idea has steadily lost ground. American's Damon may well have given monopoly its coup...