Word: panning
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Dates: during 1950-1959
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International airline operations in Latin America, only 13 years ago the virtually unchallenged preserve of Pan American World Airways and Panagra, have become the world's hottest commercial aerial battle. Fifty-six international lines, including 37 fast comers incorporated in Latin America, now fight for passengers...
...newcomers are grabbing business mostly by making themselves the "discount houses of the air." Brazil's big Real-Aerovias charges only $432 for the round-trip excursion flight between Miami and Buenos Aires, as compared with the $779 asked by International Air Transport Association members such as Pan American. Panama's Aerovias flies from Panama to Miami for $55, v. the standard $94-and serves Scotch highballs on the house. Last week, grimly preparing to meet the competition, Panagra got set to introduce an excursion fare of its own that will undercut I.A.T.A. rates...
...effect is bound to be a tighter squeeze on U.S. carriers. Braniff Airways, which began flying to Buenos Aires in 1948 and still gets a U.S. subsidy ($550,000 in the first half of 1957), may have to ask for more. Pan American's Latin American division, which in 1956 went off a subsidy that had been averaging $11 million a year, and Panagra, which went off subsidy at the end of 1954, may have to appeal again for aid from...
From London last week came a solemn ruling: a sandwich is what Pan American World Airways thinks it is, and not what most other transatlantic carriers would like it to be. The decision was on Pan American's complaints that its competitors evaded an International Air Transport Association ruling against full meals on transatlantic economy flights by serving sandwiches that were actually sumptuous meals (TIME, April...
...without pilot training? Last week, as a result of the fight, Western Air Lines was in its ninth week of strike, with all 83 flights grounded and corporate losses running to $35,000 daily. The threat of similar "third-man" strikes hangs ominously over Eastern, Pan American, T.W.A. and American Airlines, whose militant pilots only postponed a strike a fortnight ago on special pleas from the National Mediation Board...